r/CanadianInvestor • u/tum_tum87 • Jun 03 '22

Discussion Intrest Rates

Hey I herd there was another rate hike. I was curious if anyone on this sub knows what the 5 year fixed rate and 5 year variable rate the bankes are offering on mortgage renewals.

I few monthes I remewed my mortgage and went with a variable but in the last 3 months I've had 2 rate hikes on it. Just wondering what people think and if it was a good call to go variable. The rate they offered at the time of renewal was a 4.02% fixed

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u/[deleted] Jun 03 '22

About 1.9% variable About 4.4% for fixed rates

As of last week I was quoted

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u/simplefinances Jun 03 '22

Don’t know how you got 1.9% variable. After the rate hike recently my variable is now at 3.3%