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5-Year Posted Fixed Rates Drop

5-year_posted_fixed_rates_since_1999 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)