5 Year Fixed Rate

5 Year Fixed Rate

Rate

Provider

3.34%

jb_mortgages

Jerry Brar Mortgages

Mortgage Inquiry

2.89%

hsbc

HSBC

2.99%

canwise-financial[1]

Canwise Financial

3.09%

mortgagepal-ca

MortgagePal.ca

3.24%

equitable-bank2

Equitable Bank

3.29%

coast-capital

Coast Capital

3.29%

cmls-financial

CMLS Financial

3.34%

tangerine

Tangerine

3.44%

scotiabank

Scotia Bank

3.49%

td-bank

TD Bank

3.64%

industrial-alliance

Industrial Alliance

3.49%

bank-of-montreal

Bank of Montreal

3.49%

rbc-royal-bank

RBC Royal Bank

3.49%

laurentian

Laurentian Bank

3.64%

national-bank

National Bank

5.34%

cibc

CIBC

What is a 3 Year Fixed Mortgage

A fixed mortgage is a mortgage product where your rate is locked in over a certain term, the most common terms for fixed mortgages are 3, 5 and 10 years.

5 year fixed mortgages are mortgage contracts that are fixed for 5 years, after which the interest rate is re-negotiated between the mortgage holder and the lender. The short, three year rate term allows for fixed rate mortgages to take advantage of lowering interest rates in the market without having to rely on a variable rate mortgage

Historical 5 Year Fixed Rates

From 1994 to today

mortgage rates by:Ratehub.ca