Canadian mortgage rates were chaotic this month as bond yields headed upwards at the end of September, causing mortgage lenders across Canada to raise mortgage rates overnight. However, events in the UK lead bond rates in Canada to fall, meaning 5-year fixed rates could fall as well later this month.
October Mortgage Rate Update
"5-Year Fixed Full Feature" Insured 4.84%🔺 20% Down 5.04%🔺 25% Down 4.99%🔺 30% Down 4.99%🔺 35%+ Down 4.84%🔺 "Uninsurable" 5.34%🔺
"5-Year Variable Full Feature Prime = 5.45%" Insured -0.90%🔺 20% Down -0.55%🔺 25% Down -0.55%🔺 30% Down -0.75%🔺 35%+ Down -0.90%🔺 "Uninsurable" -0.4%🔺
"5-Year Fixed Discount Mortgages" Insured 4.64%🔺 20% Down 4.84%🔺 25% Down 4.79%🔺 30% Down 4.79%🔺 35%+ Down 4.64%🔺 "Uninsurable" 5.34%🔺
"5-Year Variable Discount Mortgage Prime = 5.45%" Insured -1.15%🔺 20% Down -0.80%🔺 25% Down -0.80%🔺 30% Down -1.00%🔺 35%+ Down -1.15%🔺 "Uninsurable" -0.40%🔺
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