5 year mortgage interest rates on the rise again

Royal Bank and Scotia bank have increased their 5 year fixed mortgage
interest rate by 1.4% - the slow but steady rise in rates is in progress,
within a few months you can expect posted 5 year rates over 6%

The table below shows what is posted and what is attainable in the
marketplace, OAC of course! :-)

All the best,
Mark


Term 6 Month 1 Year 2 Year 3 Year 4 Year 5 Year 7 Year 10
Year Variable
Rate Prime
Rate
Posted Rates* 5.10% 4.10% 4.25% 5.05% 5.25% 5.85% 6.80%
6.90%
Best Rates* 4.59% 2.65% 2.95% 3.69% 4.09% 4.39% 4.95%
5.19% 1.85% 2.25%