what is the current mortgage rate in ontario

what is the current mortgage rate in ontario

1 year ago 45
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Based on the search results, the current mortgage rates in Ontario vary depending on the lender, type of mortgage, and other factors. Here are some examples of current mortgage rates in Ontario as of November 2023:

  • The average 1-year fixed insured mortgage rate is 7.70% .
  • The Annual Percentage Rate (APR) for a $300,000 mortgage with a 25-year amortization, assuming monthly payments and fee to obtain a valuation of property of $300, is 6.89% for a 3-year fixed rate, 6.49% for a 5-year fixed rate, and 7.00% for a 5-year variable rate from BMO.
  • The rate table shows 5-year fixed mortgage rates in Ontario ranging from 4.99% to 6.49% depending on the lender and other factors.
  • According to Forbes Advisor Canada, the lowest 5-year fixed mortgage rates are offered by DUCA at 5.84% and St. Stanisclaus-St.-Casimir’s Polish Parishes Credit Union Limited at 5.35% .

Its important to note that these rates are accurate as of the time of publication and are intended to provide a general idea of the rates a lender may offer in Ontario for a particular mortgage term. However, the rates you may qualify for could be different based on your financial situation and the lenders specific criteria. Its recommended to consult with a mortgage lender or broker to get the best rate possible for your particular property-buying circumstance and financial situation.

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