Mortgage Rates
Best Mortgage Rates in Ontario as of 12-16-2024 9:33 AM
5-Year Fixed
Purchase Rates Available-
Insured Rates starting @ 4.19%* APR
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Insurable Rates starting @ 4.29%* APR
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Uninsurable Rates starting @ 4.24%* APR
5-Year Variable
Purchase Rates Available-
Insured Rates starting @ 4.45%* APR
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Insurable Rates starting @ 4.45%* APR
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Uninsurable Rates starting @ 4.80%* APR
Refinance
5-Year Fixed & Variable Rates-
Uninsurable Fixed Rates starting @ 4.24%* APR
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Uninsurable Variable Rates starting @ 4.80%* APR
Please Note: Terms and conditions apply. Rates are not guaranteed and the rate provided by any financial institution, or any approval or decline you receive, will be solely based on your personal situation. Reach out to a Licensed Mortgage Professional for more information to see what you qualify for.
Please Note: Terms and conditions apply. Rates are not guaranteed and the rate provided by any financial institution, or any approval or decline you receive, will be solely based on your personal situation. Reach out to a Licensed Mortgage Professional for more information to see what you qualify for.
Please Note: Terms and conditions apply. Rates are not guaranteed and the rate provided by any financial institution, or any approval or decline you receive, will be solely based on your personal situation. Reach out to a Licensed Mortgage Professional for more information to see what you qualify for.
What are mortgage rates?
Mortgage rates refer to the interest rate charged by a lender on the money borrowed to purchase a home. These rates are a key component of a mortgage and can be fixed or variable.
How do mortgage rates work?
Mortgage rates are influenced by various factors, including the Bank of Canada’s policy rate, the lender’s prime rate, and the borrower’s creditworthiness. They can fluctuate over time due to economic conditions and central bank decisions.
What factors affect the mortgage rates I get?
Several factors can impact the mortgage rates you’re offered. Your credit score, down payment amount, the term of your mortgage, the type of mortgage you choose, and the overall economic conditions play a significant role in determining the interest rate you qualify for.
Should I get a fixed-rate or variable-rate mortgage?
The choice between a fixed-rate and variable-rate mortgage depends on your financial goals and risk tolerance. Fixed-rate mortgages provide stability with consistent payments, while variable-rate mortgages may offer lower initial rates but come with the potential for rate fluctuations.
What is the best mortgage rate in Windsor, Ontario right now?
The best mortgage rate in Windsor, Ontario can vary and is subject to change. To find the most current and competitive rates, we recommend consulting with our team at for up-to-date rate information specific to your situation.
Should I lock in my mortgage rate?
Locking in your mortgage rate can provide peace of mind by protecting you from potential rate increases during your home-buying process. It’s a wise decision when you’re satisfied with the current rate and want to secure it for a specified period, ensuring your monthly payments won’t change.
How does inflation affect mortgage rates?
Inflation has a significant influence on mortgage rates. When inflation rises, central banks may increase interest rates to curb its impact. Consequently, this can lead to higher mortgage rates, making it essential to monitor economic trends and interest rate forecasts when considering your mortgage options.
