Best Mortgage Rates Canada 5 Years Fixed

Best Mortgage Rates Canada 5 Years Fixed

Best Mortgage Rates Canada 5 Years Fixed

Find The Best 5-Year Fixed Mortgage Rates In Canada


Nerdy Insight: It continues to be a challenging summer for anyone navigating the Canadian mortgage market. On July 12, the Bank of Canada’s most recent overnight rate increase placed another 0.25% worth of pressure on variable-rate mortgage holders, who have now seen their mortgage rates increase by 475 basis points since March 2022. Home buyers scouring the fixed-rate market for bargains are likely to come up empty, as the beginning of August saw one-, three- and five-year fixed mortgage rates increase yet again. Expect fixed rates to stay high as long as Canada’s economic future remains cloudy.


1. MCAP

MCAP

Lender Highlights :

  • Strong mortgage features.
  • Very good monthly pre-payment.
  • Skip a payment.
  • Very good annual pre-payment.

Rate : 5.34% Fixed

Payment : $2,721 Monthly

Term : 5 yrs. Term


2. B2B

B2B

Lender Highlights :

  • Strong mortgage features.
  • Good monthly pre-payment.
  • Skip payment not available.
  • Very good annual pre-payment.

Rate : 5.49% Fixed

Payment : $2,761 Monthly

Term : 5 yrs. Term


3. Marathon Mortgage

Marathon Mortgage

Lender Highlights :

  • Strong mortgage features.
  • Very good monthly pre-payment.
  • Skip payment not available.
  • Very good annual pre-payment.

Rate : 5.49% Fixed

Payment : $2,761 Monthly

Term : 5 yrs. Term


4. RFA

RFA

Lender Highlights :

  • Strong mortgage features.
  • Very good monthly pre-payment.
  • Skip payment not available.
  • Very good annual pre-payment.

Rate : 5.54% Fixed

Payment : $2,774 Monthly

Term : 5 yrs. Term


Source : https://www.nerdwallet.com


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