Although bond yields rose last Friday, as of Monday, March 8th, Toronto mortgage interest rates remain unchanged. Over the weekend some lenders have warned of the possibility of fixed rate mortgages increasing. Stay tuned. In the mean time, here are your Toronto mortgage interest rates:
1 year fixed – 2.65%
3 year fixed – 3.35%
5 year fixed – 3.79%
3 year variable – Prime-.40% (1.85% effective rate)
5 year variable – Prime-.30% (1.95% effective rate)
5 year fixed – 3.69% (must close by April 26th 2010, purchase & refinance only)
NOTE: Rates are subject to change without warning at the lender’s discretion.