Personal Finance

Current 5 Year fixed deals?

  • Last Updated:
  • Jun 11th, 2012 11:14 pm
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Newbie
Sep 28, 2008
70 posts
7 upvotes
Surrey

Current 5 Year fixed deals?

Hello Friends

We are looking for a mortgage for our new house and our closing is about in 20 days. Currently our bank offered us 3.29% for 5 years fixed. Do you guys think rates will drop
further in next two weeks?
Anyone got better deal than this in last month or so?
Thanks
3 replies
Sr. Member
Jul 18, 2009
679 posts
103 upvotes
I was offerred 3.19 by MCAP about a week ago. I bank at TD, and TD offered to match MCAP after we showed them the commitment from MCAP.
Deal Fanatic
User avatar
Apr 29, 2008
8012 posts
4748 upvotes
Montreal
http://www.multi-prets.com for Quebec. (no affiliation, I don't work for them).

They offer 3.04% for 5 years fixed at the moment.

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I was offered 3.14% by TD last Thursday for 5 years fixed.
Deal Addict
Jul 11, 2010
1294 posts
329 upvotes
Toronto
Notice the common theme here. The banks offer you a lower rate only when you show them a lower % in writing. Other banks other than the big 5 will offer lower rates. Sometimes you can only get them through a mortage broker. 3.09% is out there today for a 5 year .

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