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Canada Mortgage Rate Comparison

Why Is This The Right Time To Check

Mortgage Canada Rates

And Go For A Mortgage Loan? Do you know that the mortgage rates in Canada are presently at an all time low? This means that if you have taken a loan against your property, you would have to repay at just 4.25%, which is a historic low in the country. Also, the rates are all set to jump up any time now. In fact, the Governor of the Bank of Canada has already announced that the mortgage rate would go up by a few points in July 2010, and would keep rising from then on. If you are planning to take a mortgage loan, and wish to save money on your repayment because of low interest rates, then this is the best time to take a loan. Why delay and pay more, when you can take action today and save.

Current Mortgage Rates

Mortgage Term Rate  
1 year2.89%
2 year2.59%
3 year2.79%
4 year2.87%
5 year2.79%
7 year4.09%
10 year4.49%
ARM2.35%

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