July Mortgage Interest Rate Update - RELIEF COMING???

July Mortgage Interest Rate Update - RELIEF COMING???

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In this month's July Mortgage Interest Rate Update we start to see some relief from rising fixed interest rates, and banks get a little bit more competitive on their five year variable rates.

Mortgage Rates Today as of July 5, 2022

Non Discounted - full featured mortgages
For mortgages with less than 20% down or more than 35% down payment
5-year fixed 5.04%
5-year variable 2.75%%

For mortgages with 20% to 34.99% down payment
5-year fixed 5.04%-5.29%
5-year variable 2.75%-3.10%

Discounted Rates
Lowest fully discounted rates for mortgages with less than 20% down or more than 35% down payment
5-year fixed 4.84%
5-year variable 2.55%

For mortgages with 20% to 34.99% down payment
5-year fixed 4.84%-5.09%
5-year variable 2.55%-2.90%

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The presenter has taken great care in preparing
this video, however makes no representations or warranties with
respect to the accuracy or completeness of its content. The contents
of this video should not be considered a substitute for
professional financial advice. Please consult a financial professional
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but not limited to special, consequential, incidental, or other
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