Find a secure fixed rate mortgage to help buy your dream home. Choose from competitive interest rates on open term, flexible or closed term mortgages at Scotiabank.
3-year fixed (closed) N/A N/A APR7legal terms and condition one 5-year Smart Fixed (closed) N/A N/A APR6legal terms and condition one Get pre-approvedSee all fixed mortgage rates Variable mortgage Your mortgage rate moves with the prime rate. Why you’ll like it: Pay off your ...
Current National Bank posted mortgage rates TermRateAPR 1-year (closed), fixed 7.74% 7.96% 1-year (open), fixed 9.65% 9.77% 2-year (closed), fixed 7.34% 7.46% 3-year (closed), fixed 6.94% 7.04% 4-year (closed), fixed 6.74% 6.78% 5-year (closed), fixed 6.79% 6.88% 5-year (...
A fixed rate mortgage, simply put, is a mortgage where your interest rate and monthly payments stay the same for the duration of the term, whether it's 6 months, 1 year, 2 years, 3 years, 4 years, 5 years, 6 years, 7 years, or even 10 years. Fixed rate mortgages are excellent ...
If you choose to make additional payments, you may face penalties. You may also face a penalty if you decide to leave your closed fixed-rate or closed variable-rate mortgage before the end of your term. Closed mortgages are popular in Canada. You can access a lower interest rate for your...
Current Mortgage News December 18, 2024 Fixed vs. Variable Mortgages: What’s the Right Choice in 2025? With the Bank of Canada gradually cutting rates and bond yields declining... Bank of Canada Rate Decrease The Bank of Canada announces a rate decrease of 0.50% (50 basis points) to new...
Fixed mortgage ratesData highlights Data highlights data highlights Variable mortgage ratesdata highlights Long-term mortgage rate history in CanadaWhen looking at mortgage rate data that goes back to 1980, you see a few dramatic spikes, particularly in 1981, 1985 and 1990. But overall, rates have...
The 1-year fixed rate has one of the shortest commitments of any mortgage term. At times, 1-year rates are the lowest in the market, even lower than floating rates. That makes them a good alternative to a variable, especially if variable-rate discounts are smaller than normal and expected...
Mortgage Rates Fixed Mortgage Rates May Not Drop with Bank of Canada Cuts November 10th, 2024 Mortgage Renewal How to Get the Best Rate for Your 2025 Mortgage Renewal November 5th, 2024 Mortgage Pre-Approval The Ultimate Guide to the Mortgage Pre-Approval Process in 2024 ...
Other Rates Special Rates Posted Rates RBC Prime Rate Special Rates for Purchase and Switch Transactions 25 Year Amortization or Less Fixed Mortgage Rates1 Variable Mortgage Rates 3 Greater Than 25 Year Amortization Fixed Mortgage Rates1 Variable Mortgage Rates 3 ...