However, not all interest rates work the same. Two of the main types of interest rates you’ll come across are fixed rates and variable rates. The main difference is that fixed rates stay the ...

A standard variable rate, or SVR, is an interest rate set by your mortgage lender that you may be moved onto once your fixed, tracker or discount rate mortgage deal ends. If you’d prefer not to ...

That has more mortgage shoppers on the lookout for cheap variable ... Hybrid mortgages, where half of one’s borrowing is in a five-year fixed and half is variable, are now down to 4.76 (uninsured) and ...

Get up to $4,100 cash back with a new BMO fixed or variable-rate closed mortgage or Homeowner Readiline with a term of three years or longer. Use your new or existing BMO chequing account as a ...

it doesn’t typically impact fixed mortgage rates. Compared to variable mortgage rates, which continue trending downward, fixed mortgage rates are almost impossibly static. They’ve barely ...

With the Bank of Canada’s benchmark rate falling to 3.25 per cent today from 5 per cent in June – and more decreases expected ...

Historically, variable interest rates have outperformed fixed-rate mortgages. However, anyone who held a variable-rate mortgage in March 2022 would have experienced 10 rate hikes and seen the ...

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The prime rate is a critical factor influencing mortgage rates in Canada . It serves as a benchmark for variable lending ...