Home Mortgage Rates

Term Rate
Prime 2.75%
Variable 2.05%
1 Year 2.54%
3 Year 2.90%
4 Year 3.79%
5 Year 3.69%
10 Year 5.35%

Qualifying Rate

Aug 31 5.39%

Current Inflation

July 1.8%

5 Year Bond Yield

Aug 31 2.04%

 

Special conditions apply
Mortgage Rates subject to change.

 

Presale purchase

Purchasing presale is when you buy a property before it’s built. If you are planning on selling this property before completion to make a profit, than that would be a perfect example of buying on speculation.