Robert McLister: Trump’s policies could potentially be like throwing gasoline on inflation’s barbecue
The leading nationally advertised three-year fixed sank 15 basis points to 4.09 per cent for default-insured borrowers. Call around, however, as you might find a high-volume broker or banker willing to sell for even less — 3.99 or so.
For uninsured mortgages, three-year rates are much higher — at least those the banks want you to see. Advertised three-years are 4.64 per cent. But don’t let that fool you. Bankers and top brokers are snagging discretionary rates in the low fours. Unfortunately, no one wants to advertise them and trigger competitor undercutting.
Mortgage rates
The rates displayed below are updated by the end of each day and are sourced from the Canadian Mortgage Rate Survey produced by MortgageLogic.news. Postmedia and Imaginative. Online Inc., parent of MortgageLogic.news, are compensated by certain mortgage providers when you click on their links in the charts.