From a Canadian homebuyer’s point of view, current mortgage rates range from 2.69 per cent for a one-year term with a floating rate, to 3.04 per cent for a five-year fixed term, to 3.84 per cent for a 10-year fixed term. Canadian borrowers tend to seek security. Thus five-year closed mortgages at 3.04 per …
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source http://consumer-mortgage.com/watching-risk-and-interest-rates/
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