Canadian Mortgage Rates Update
An update on Canadian mortgage rates after the Bank of Canada interest rate hike today. Here are the current rates at the major banks:
- TD Prime Rate – 2.50%
- RBC Royal Bank Prime Rate – 2.50%
- BMO – Bank of Montreal Prime Rate- 2.50%
- CIBC Prime Rate- 2.50%
However, the Bank of Montreal lowered its five year fixed mortgage rate to 4.25%.
The next Bank of Canada interest rate announcement is due on July 20, 2010. Many analysts are predicting another increase in the prime lending rate.
Tags: BMO Prime Rate, prime rate canada, mortgage rates Canada, RBC Mortgage Rates, TD Prime Rate, Royal Bank Prime RateCategories: BMO mortgage rates, BMO Prime Rate, Canadian Mortgage Rates, prime rate canada, RBC Mortgage Rates, TD mortgage rates, TD Prime Rate Tags: Bank of Montreal Prime Rate, BMO Prime Rate, Canadian Mortgage Rates, CIBC prime rate, interest rates, mortgage rates, mortgage rates Canada, RBC Prime rate, Royal Bank Prime Rate, TD Prime Rate
Canadian Mortgage Rates – April 13, 2010
Here is a sample of the latest Canadian mortgage rates. Some rates quoted below are special rates. Check the financial institutions for more details.
TD Mortgage Rates:
1 year fixed rate 2.650%
5 year fixed rate 4.550%
5 year closed variable 2.100%
BMO Mortgage Rates:
1 year fixed rate 3.000%
5 year fixed rate 4.450%
5 year closed variable 2.100%
RBC Mortgage Rates:
1 year fixed rate 3.000%
5 year fixed rate 4.450%
5 year closed variable – RBC Prime Rate + 0.00%
Tags: RBC Mortgage Rates, BMO mortgage rates, Canadian Mortgage Rates, TD mortgage rates
