Rising rates have certainly started to have an impact on borrowing—with 5-year mortgages nearing 4%.
On a $400,000 mortgage, 25 year amortization, completing within the next 90 days, owner-occupied, National Bank rates as of today:
Five-year fixed: 3.84%
Four-year fixed: 3.74%
Three-year fixed: 3.54%
Two-year fixed: 3.24%
One-year fixed: 2.99%
Five-year variable: Prime—0.7%
Rates are for information only, subject to change at any time, rates are only guaranteed once an application is submitted to the bank for approval.
- Your Creed Capital Management Team