Best Mortgage Rates and conditions

Today's rates Mortage Alliance

As of April 25, 2024

6.69%

1 year
fixed closed

4.94%

3 years
fixed closed

4.94%

5 years
fixed closed

6.25%

5 years
variable ceiling

 
Posted rate
8.04%
7.24%
7.04%
7.20%

* Certain conditions may apply. Subject to change without notice.

What is the best rate for you?


Fixed residential rate

This rate will stay the same over the course of your term regardless of market fluctuations. Fixed rate mortgages can be open or closed.


Closed fixed rate

Best if:


If you expect a higher interest rate and you want to protect yourself against it .


If you have a low tolerance for rate fluctuations on the market.


If fixed and variable rates offered by Mortgage alliance.


If you plan to make no prepayment or very little.


If you prefer to have the same payment over the course of your term.


If you don't plan to sell your home in the near future.


Term posted rates Mortgage Alliance
1 an 8.04% 6.69%
2 years 7.64% 6.04%
3 years 7.24% 4.94%
4 years 7.04% 5.09%
5 years 7.04% 4.94%
7 years 7.20% 5.65%
10 years 7.69% 6.05%
* Certain conditions may apply. Subject to change without notice.



Open fixed rate

Best if:


If you plan to sell your home in the near future. .


If you intend to make prepayments of more than 20% of your mortgage principle.


If you prefer to have the same payment over the course of your term.


Term posted rates Mortgage Alliance
1 an 7.70% 7.70%

Variable residential rate

Your payment is fixed for the chosen term and your rate will fluctuate with the market's variations.


Closed variable rate

Best if:


If you believe that interest rates will drop, and you can enjoy that benefit.


If you have a high threshold of tolerance for market fluctuation.


If you have the ability to absorb an increase in your payments in the event of a rate hike.

Term posted rates Mortgage Alliance
5 years variable 7.20% 6.25%
* Certain conditions may apply. Subject to change without notice.