Robert McLister·Mortgage Rate Trends·April 27, 20095-Year Posted Fixed Rates Drop RBC, BMO, and TD have all dropped their posted 5-year fixed rates to 5.25%. RBC and BMO also lowered their advertised 5-year fixed “special offer” rates to 3.95%. (Usually, with a bit of negotiation, you can save a bit more.) In the broker channel, 5-year fixed mortgages currently range from 3.59% for a no-frills mortgage to 3.89% for a full-featured mortgage with 120-day rate hold—with several options in between. The above rates apply to well qualified borrowers with approved credit. (Chart data courtesy of the Bank of Canada) 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.