Mortgage rates are falling fast, and Fed easing portends much more relief to come

Robert McLister: This week we got something we haven’t seen in a few years — a lender advertising a five-year fixed that starts with a three

As always, look for regional players that may undercut the national lenders. For example, Butler Mortgage owns the country’s leading rates on popular three-year terms with 4.49 per cent (uninsured) and 4.24 per cent (insured) — Alberta, British Columbia and Ontario only.

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.

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