At the national mortgage rate leaders this week, all the changes were in the wrong direction: up.
Fixed rates for uninsured three- and five-year contracts rose by five to 15 basis points, as did three-year insurance rates.
Hybrid mortgages – which are part fixed, part variable – also saw interest rates rise by 10 basis points and are back above four percent.
As of this writing, there are still some standout bargains:
- Pine's 4.09 percent five-year fixed rate (uninsured)
- Alterna Banks 3.94 percent three-year fixed (insured)
- Coast Capital's 3.94% Five-Year Fixed Rate (Uninsured)
- 3.39 percent variable from Butler Mortgage and RateBuzz (insured, Alberta, BC and Ontario only)
- 3.84% fixed rate from Butler Mortgage (uninsured, Alberta, BC and Ontario only)
- 3.59% fixed rate from Butler Mortgage (insured, Alberta, BC and Ontario only)
- True North's 3.99% two-year fixed price (insured)
We don't typically see huge swings in mortgage rates around Christmas. So unless there is an unexpected rise in bond yields, we can expect calm sails for the new year.
Robert McLister is a mortgage strategist, interest rate analyst and editor of MortgageLogic.news. You can follow him on X at @RobMcLister.
Do you want to save on your mortgage?
For the best national mortgage rates for both insured and uninsured mortgages, updated daily, visit our mortgage rates page
Here
.