Robert McLister·General·March 6, 20075-Year Mortgage Rates Drop Canada’s big banks cut 5-year mortgage rates 0.10% to 0.16% today thanks to falling bond rates. Their average posted mortgage rate is now 6.49%. CBC says most economists predict no change in rates by the Bank of Canada until at least the summer. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.