When refinancing, transferring, buying, or selling, you want to make sure that you have the best mortgage rate. It is important to have a low rate in order to be able to pay off your mortgage faster, and you will have lower monthly payments.

Lowest Mortgage Interest Rates in Canada

Buying a new house: Lowest available mortgage rate 3.74% on a 5 year fixed rate closed.

Buying a new house: Lowest available mortgage rate 2.05% on a 5 year variable rate closed.

Already have a mortgage and not moving: Lowest available mortgage rate 3.74% on a 5 year fixed rate closed.

Already have a mortgage and not moving: Lowest available mortgage rate 2.05% on a 5 year variable rate closed.

Need cash back with your mortgage: Lowest available mortgage rate  5.25% on a 5 year fixed rate closed with 5% cash back

Already have a mortgage and not moving and looking for a long term: Lowest available mortgage rate 5.20% on a 10 year fixed rate closed.

Average Mortgage Interest Rates in USA

30 year fixed rate: 5.06%

15 year fixed rate: 4.64%

5/1 ARM: 4.20%

Unfortunately, I cannot post the name of the financial institutions that are offering these rates. These rates are also subject to change at any time and are only good for November 11, 2009. They could change at any time after this date. Please use the form below, and I will provide the name of the firm for the selected product. This website has no relation to these firms.

All quoted mortgage rates are subject to change at any time and without warning.

Compare Rates with Previous Posts:

• Mortgage Interest Rate Update – Lowest Available Rates – October 16, 2009
• Mortgage Interest Rate Update – Lowest Available Rates – September 17, 2009
• Mortgage Interest Rate Update – Lowest Available Rates – June 11, 2009
• Mortgage Interest Rate Update – Lowest Available Rates – June 2, 2009

Save your Mortgage from the Bank. Simply Mortgages can Help!

Welcome back!