- Link:
- https://www.ratehub.ca/best-mortgage-ra … year/fixed
- Retailer:
- Equitable Bank
There will be a Bank of Canada interest rate announcement on DEC 6 2023. If you think rates might go up, you might want to lock-in your mortgage before the banks increase their rates.
According to Ratehub.ca: https://www.ratehub.ca/best-mortgage-rates/5-year/fixed [Make sure to press the (+) show more button to see all the offers.]
Here’s a tip that worked for me. Check with your bank as well, they may have a good rate and they might be able to “RESERVE” the rate for you for a few weeks. That way if there is NO rate increase on DEC 6 2023 you can let the reservation expire.
According to Ratehub.ca: https://www.ratehub.ca/best-mortgage-rates/5-year/fixed [Make sure to press the (+) show more button to see all the offers.]
- Equitable Bank has a 5.44% 5 Year Locked rate.
- Or if you prefer the Big Banks, RBC has a 5.69% 5 Year Locked rate as well.
Here’s a tip that worked for me. Check with your bank as well, they may have a good rate and they might be able to “RESERVE” the rate for you for a few weeks. That way if there is NO rate increase on DEC 6 2023 you can let the reservation expire.