CMT Team·Globe and Mail ColumnsMortgage Rate Trends·July 20, 2012A Variable Rate Substitute One-year fixed mortgages are the next best thing to a variable rate. But a one-year term isn’t for everyone. If you only need a short-term mortgage, that’s one thing. But if you’re trying to save money and not considering long-term rate risk, that’s another. This week’s Globe and Mail column looks at 1-year mortgages in depth. More at: Meet the One-Year Fixed… By the way, if you’re looking for the best 1-year rate, some of the lowest at the moment are from: MCAP @ 2.39% Available through brokers on purchases and refinances; 120-day rate hold First Calgary Financial @ 2.39% Available direct on purchases and refinances; Alberta only; 90-day rate hold If you know of any other good 1-year deals, let us know and we’ll post them. Rob McLister, CMT 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.