This week’s lowest fixed and variable mortgage rates in Canada

A look at the lowest available mortgage rates on fixed and variable terms and HELOCs for the week of April 13

For conventional borrowers with 20 per cent or more equity, there was little change atop the leaderboard this week. The one exception was in the four-year space, where First National dropped into the lead with its new 5.04-per-cent offer., rates are now meaningfully below their trailing 12-month peak. Assuming they stay this low – and it’s hard to call 4 and 5 per cent rates “low” – it should support a spring housing market that’s starting to come to life.

Rates are as of April 13, 2023 from providers that advertise rates online and lend in at least nine provinces. Insured rates apply to those buying with less than a 20 per cent down payment, or those switching a pre-existing insured mortgage to a new lender. Uninsured rates apply to refinances and purchases over $1-million and may include applicable lender rate premiums. For providers whose rates vary by province, their highest rate is shown.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

globeandmail /  🏆 5. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Letters, April 12: Charles' coronation raises questions in U.K. and CanadaOn May 6, Westminster Abbey promotes the coronation of King Charles III and Queen Camilla. Camilla will attain the title of Queen, without the “consort”…
Read more »

Your daily horoscope: April 12Your daily horoscope
Read more »