{"id":50,"date":"2022-05-04T23:08:10","date_gmt":"2022-05-05T03:08:10","guid":{"rendered":"http:\/\/meilleures-hypotheques.ca\/taux\/"},"modified":"2024-04-15T19:15:41","modified_gmt":"2024-04-15T23:15:41","slug":"mortgage-rates","status":"publish","type":"page","link":"https:\/\/meilleures-hypotheques.ca\/en\/mortgage-rates\/","title":{"rendered":"Mortgage Rates"},"content":{"rendered":"<!--themify_builder_content-->\n<div id=\"themify_builder_content-50\" data-postid=\"50\" class=\"themify_builder_content themify_builder_content-50 themify_builder tf_clear\">\n                    <div  data-parallax-bg=\"tablet\" data-css_id=\"xku7689\" data-lazy=\"1\" class=\"module_row themify_builder_row fullwidth_row_container tb_xku7689 tb_first tf_w\">\n                        <div class=\"row_inner col_align_middle tb_col_count_2 tf_box tf_rel\">\n                        <div  data-lazy=\"1\" class=\"module_column tb-column col4-2 tb_s7bw691 first\">\n                    <!-- module text -->\n<div  class=\"module module-text tb_d6t2691  fullcover  wow\" data-tf-animation=\"fadeInUp\" data-lazy=\"1\" data-lax-translate-y=\"(vh*0.3) 0,(vh*0.1) -70\" data-lax-opacity=\"(vh*0.3) 1,(vh*0) 0\" data-lax=\"true\">\n        <div  class=\"tb_text_wrap\">\n        <h1 class=\"page-title\" style=\"text-align: left;\">Mortgage Rates<\/h1>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <div  data-lazy=\"1\" class=\"module_column tb-column col4-2 tb_txfr691 last\">\n                            <\/div>\n                        <\/div>\n        <\/div>\n                        <div  data-css_id=\"zd08431\" data-lazy=\"1\" class=\"module_row themify_builder_row fullwidth tb_zd08431 tf_w\">\n                        <div class=\"row_inner col_align_top tb_col_count_1 tf_box tf_rel\">\n                        <div  data-lazy=\"1\" class=\"module_column tb-column col-full tb_9nie432 first\">\n                    <!-- module plain text -->\n<div  class=\"module module-plain-text tb_ro3z432 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <link rel=\"stylesheet\" href=\"http:\/\/cdnjs.cloudflare.com\/ajax\/libs\/font-awesome\/4.4.0\/css\/font-awesome.min.css\">\n<h5 class=\"current-date\"id=\"date\"style=\"letter-spacing:0px;\"><\/h5>\n\n    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module plain text -->\n<div  class=\"module module-plain-text tb_okf2432 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <div id=\"response\" style=\"display:none;\"><\/div>\n<script>\n    var Vjson = \"\";\n    var taux1 = \"k\";\n    var today = new Date();\n    var dd = today.getDate();\n    var mm = today.getMonth() + 1; \/\/January is 0!\n    var yyyy = today.getFullYear();\n    if (dd < 10) {\n        dd = '0' + dd;\n    }\n    if (document.documentElement.lang == 'en-CA') {\n        var month = 'January';\n        switch (mm) {\n            case 1:\n                month = 'January';\n                break;\n            case 2:\n                month = 'February';\n                break;\n            case 3:\n                month = 'March';\n                break;\n            case 4:\n                month = 'April';\n                break;\n            case 5:\n                month = 'May';\n                break;\n            case 6:\n                month = 'June';\n                break;\n            case 7:\n                month = 'July';\n                break;\n            case 8:\n                month = 'August';\n                break;\n            case 9:\n                month = 'September';\n                break;\n            case 10:\n                month = 'October';\n                break;\n            case 11:\n                month = 'November';\n                break;\n            case 12:\n                month = 'December';\n                break;\n        }\n        var neew = document.getElementById('date');\n        neew.innerHTML = 'Updated to ' + dd + ' ' + month + ' ' + yyyy;\n        var textDown = document.getElementById('text_bottom');\n        const url = \"https:\/\/components.devyent.ca\/hypothecaire\/rates.php\";\n        fetch(url)\n            .then(response => response.json())\n            .then(data => {\n                document.getElementById('taux1').innerHTML = data.best_rates[1].MPH + ' ' + '%';\n                document.getElementById('years_fiexe1').innerHTML = data.best_rates[1].ProdNameEn + ' fixed';\n                document.getElementById('tax_total1').innerHTML = data.best_rates[1].Posted + ' ' + '%';\n                document.getElementById('taux2').innerHTML = data.best_rates[3].MPH + ' ' + '%';\n                document.getElementById('years_fiexe2').innerHTML = data.best_rates[3].ProdNameEn + ' fixed';\n                document.getElementById('tax_total2').innerHTML = data.best_rates[3].Posted + ' ' + '%';\n                document.getElementById('taux3').innerHTML = data.best_rates[5].MPH + ' ' + '%';\n                document.getElementById('years_fiexe3').innerHTML = data.best_rates[5].ProdNameEn + ' fixed';\n                document.getElementById('tax_total3').innerHTML = data.best_rates[5].Posted + ' ' + '%';\n                document.getElementById('taux4').innerHTML = data.best_rates[0].MPH + ' ' + '%';\n                document.getElementById('years_fiexe4').innerHTML = data.best_rates[0].ProdNameEn;\n                document.getElementById('tax_total4').innerHTML = data.best_rates[0].Posted + ' ' + '%';\n            });\n    } else {\n        var month = 'janvier';\n        switch (mm) {\n            case 1:\n                month = 'janvier';\n                break;\n            case 2:\n                month = 'f\u00e9vrier';\n                break;\n            case 3:\n                month = 'mars';\n                break;\n            case 4:\n                month = 'avril';\n                break;\n            case 5:\n                month = 'mai';\n                break;\n            case 6:\n                month = 'juin';\n                break;\n            case 7:\n                month = 'juillet';\n                break;\n            case 8:\n                month = 'ao\u00fbt';\n                break;\n            case 9:\n                month = 'septembre';\n                break;\n            case 10:\n                month = 'octobre';\n                break;\n            case 11:\n                month = 'novembre';\n                break;\n            case 12:\n                month = 'd\u00e9cembre';\n                break;\n        }\n        var neew = document.getElementById('date');\n        neew.innerHTML = 'En date du ' + dd + ' ' + month + ' ' + yyyy;\n        const url = \"https:\/\/components.devyent.ca\/hypothecaire\/rates.php\";\n        fetch(url)\n            .then(response => response.json())\n            .then(data => {\n                document.getElementById('taux1').innerHTML = data.best_rates[1].MPH + ' ' + '%';\n                document.getElementById('years_fiexe1').innerHTML = data.best_rates[1].ProdNameFr + ' fixe';\n                document.getElementById('tax_total1').innerHTML = data.best_rates[1].Posted + ' ' + '%';\n                document.getElementById('taux2').innerHTML = data.best_rates[3].MPH + ' ' + '%';\n                document.getElementById('years_fiexe2').innerHTML = data.best_rates[3].ProdNameFr + ' fixe';\n                document.getElementById('tax_total2').innerHTML = data.best_rates[3].Posted + ' ' + '%';\n                document.getElementById('taux3').innerHTML = data.best_rates[5].MPH + ' ' + '%';\n                document.getElementById('years_fiexe3').innerHTML = data.best_rates[5].ProdNameFr + ' fixe';\n                document.getElementById('tax_total3').innerHTML = data.best_rates[5].Posted + ' ' + '%';\n                document.getElementById('taux4').innerHTML = data.best_rates[0].MPH + ' ' + '%';\n                document.getElementById('years_fiexe4').innerHTML = data.best_rates[0].ProdNameFr;\n                document.getElementById('tax_total4').innerHTML = data.best_rates[0].Posted + ' ' + '%';\n            });\n    }\n<\/script>    <\/div>\n<\/div>\n<!-- \/module plain text -->        <div  data-lazy=\"1\" class=\"module_subrow themify_builder_sub_row tf_w col_align_top gutter-none tb_col_count_5 tb_1yxi432\">\n                <div  data-lazy=\"1\" class=\"module_column sub_column col5-1 tb_n107433 first\">\n                    <!-- module plain text -->\n<div  class=\"module module-plain-text tb_tyx9433  hide-tablet hide-mobile\" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"taux_multi_green\">Multi-Pr\u00eats rate<\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module plain text -->\n<div  class=\"module module-plain-text tb_2198433  hide-tablet hide-mobile\" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"taux_multi_white\">Mortgage rates as of today<\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text -->        <\/div>\n                    <div  data-lazy=\"1\" class=\"module_column sub_column col5-1 tb_3sw2433\">\n                    <!-- module plain text -->\n<div  class=\"module module-plain-text tb_2tfh433 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h2 class=\"taux-hypothecaire\"id=\"taux1\"><\/h2>\n    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module text -->\n<div  class=\"module module-text tb_dymm410    hide-desktop hide-tablet_landscape\" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p style=\"text-align: center;\">Multi-Pr\u00eat rate<\/p>    <\/div>\n<\/div>\n<!-- \/module text --><!-- module plain text -->\n<div  class=\"module module-plain-text tb_twhi499 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"years_fiexe1\"class=\"year1\"><\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module buttons -->\n<div  class=\"module module-buttons tb_5gbi72 buttons-horizontal outline botones \" data-lazy=\"1\">\n        <div class=\"module-buttons-item tf_in_flx\">\n                        <a href=\"\/en\/get-my-rate\/\" class=\"ui builder_button tf_in_flx green\"  id=\"btn\">\n                                                Get this rate                                        <\/a>\n                <\/div>\n            <\/div>\n<!-- \/module buttons -->\n<!-- module plain text -->\n<div  class=\"module module-plain-text tb_6r4c433 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"tax_total1\"><\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module text -->\n<div  class=\"module module-text tb_j05m206    hide-desktop hide-tablet_landscape\" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p>Mortgage rates as of today<\/p>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <div  data-lazy=\"1\" class=\"module_column sub_column col5-1 tb_9xbv433\">\n                    <!-- module plain text -->\n<div  class=\"module module-plain-text tb_bett434 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h2 class=\"taux-hypothecaire\"id=\"taux2\"><\/h2>\n    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module text -->\n<div  class=\"module module-text tb_xrwe569    hide-desktop hide-tablet_landscape\" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p style=\"text-align: center;\">Multi-Pr\u00eat rate<\/p>    <\/div>\n<\/div>\n<!-- \/module text --><!-- module plain text -->\n<div  class=\"module module-plain-text tb_ysto892 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"years_fiexe2\"><\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module buttons -->\n<div  class=\"module module-buttons tb_h9xu434 buttons-horizontal outline botones \" data-lazy=\"1\">\n        <div class=\"module-buttons-item tf_in_flx\">\n                        <a href=\"\/en\/get-my-rate\/\" class=\"ui builder_button tf_in_flx green\"  id=\"btn\">\n                                                Get this rate                                        <\/a>\n                <\/div>\n            <\/div>\n<!-- \/module buttons -->\n<!-- module plain text -->\n<div  class=\"module module-plain-text tb_u22r434 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"tax_total2\"><\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module text -->\n<div  class=\"module module-text tb_j95e438    hide-desktop hide-tablet_landscape\" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p>Mortgage rates as of today<\/p>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <div  data-lazy=\"1\" class=\"module_column sub_column col5-1 tb_7xk6434\">\n                    <!-- module plain text -->\n<div  class=\"module module-plain-text tb_u8el434 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h2 class=\"taux-hypothecaire\"id=\"taux3\"><\/h2>\n    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module text -->\n<div  class=\"module module-text tb_b4de824    hide-desktop hide-tablet_landscape\" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p style=\"text-align: center;\">Multi-Pr\u00eat rate<\/p>    <\/div>\n<\/div>\n<!-- \/module text --><!-- module plain text -->\n<div  class=\"module module-plain-text tb_tqzw529 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"years_fiexe3\"><\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module buttons -->\n<div  class=\"module module-buttons tb_4wiy434 buttons-horizontal outline botones \" data-lazy=\"1\">\n        <div class=\"module-buttons-item tf_in_flx\">\n                        <a href=\"\/en\/get-my-rate\/\" class=\"ui builder_button tf_in_flx green\"  id=\"btn\">\n                                                Get this rate                                        <\/a>\n                <\/div>\n            <\/div>\n<!-- \/module buttons -->\n<!-- module plain text -->\n<div  class=\"module module-plain-text tb_1t5z434 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"tax_total3\"><\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module text -->\n<div  class=\"module module-text tb_i4vx648    hide-desktop hide-tablet_landscape\" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p>Mortgage rates as of today<\/p>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <div  data-lazy=\"1\" class=\"module_column sub_column col5-1 tb_23jw434 last\">\n                    <!-- module plain text -->\n<div  class=\"module module-plain-text tb_al61434 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h2 class=\"taux-hypothecaire\"id=\"taux4\"><\/h2>\n    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module text -->\n<div  class=\"module module-text tb_4520716    hide-desktop hide-tablet_landscape\" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p style=\"text-align: center;\">Multi-Pr\u00eat rate<\/p>    <\/div>\n<\/div>\n<!-- \/module text --><!-- module plain text -->\n<div  class=\"module module-plain-text tb_o6hs311 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"years_fiexe4\"><\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module buttons -->\n<div  class=\"module module-buttons tb_2uge434 buttons-horizontal outline botones \" data-lazy=\"1\">\n        <div class=\"module-buttons-item tf_in_flx\">\n                        <a href=\"\/en\/get-my-rate\/\" class=\"ui builder_button tf_in_flx green\"  id=\"btn\">\n                                                Get this rate                                        <\/a>\n                <\/div>\n            <\/div>\n<!-- \/module buttons -->\n<!-- module plain text -->\n<div  class=\"module module-plain-text tb_fmnp434 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"tax_total4\"><\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module text -->\n<div  class=\"module module-text tb_v8ls842    hide-desktop hide-tablet_landscape\" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p>Mortgage rates as of today<\/p>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <\/div>\n                <div  data-lazy=\"1\" class=\"module_subrow themify_builder_sub_row tf_w col_align_top tb_col_count_1 tb_bxpv913\">\n                <div  data-lazy=\"1\" class=\"module_column sub_column col-full tb_qa2u914 first\">\n                    <!-- module buttons -->\n<div  class=\"module module-buttons tb_77cf914 buttons-horizontal solid btn  tb_gs408627\" data-lazy=\"1\">\n        <div class=\"module-buttons-item tf_in_flx\">\n                        <a href=\"\/en\/get-my-rate\" class=\"ui builder_button tf_in_flx transparent\" >\n                                                Get your rate                                        <em><svg  class=\"tf_fa tf-ti-angle-right\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-angle-right\" xlink:href=\"#tf-ti-angle-right\"><\/use><\/svg><\/em>                            <\/a>\n                <\/div>\n            <\/div>\n<!-- \/module buttons -->\n<!-- module plain text -->\n<div  class=\"module module-plain-text tb_ihoo914 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n     <p id=\"text_bottom\">* Some conditions may apply. Subject to change without notice. Rates may vary depending on amount borrowed, collateral offered or other factors. Contact your Mortgage Broker at Yves St-Denis Mortgage Brokers for more information.<\/p>    <\/div>\n<\/div>\n<!-- \/module plain text -->        <\/div>\n                    <\/div>\n                <\/div>\n                        <\/div>\n        <\/div>\n                        <div  data-css_id=\"gxrr790\" data-lazy=\"1\" class=\"module_row themify_builder_row fullwidth_row_container tb_gxrr790 tf_w\">\n                        <div class=\"row_inner col_align_top tb_col_count_1 tf_box tf_rel\">\n                        <div  data-lazy=\"1\" class=\"module_column tb-column col-full tb_36l8791 first\">\n                    <!-- module fancy heading -->\n<div  class=\"module module-fancy-heading tb_dxha112  inline-fancy-heading tb_hide_divider\" data-lazy=\"1\">\n        <h2 class=\"fancy-heading\">\n    <span class=\"main-head tf_inline_b\">\n                    Fluctuating mortgage             <\/span>\n\n    \n    <span class=\"sub-head tf_inline_b tf_rel\">\n                    rates            <\/span>\n    <\/h2>\n<\/div>\n<!-- \/module fancy heading -->\n<!-- module text -->\n<div  class=\"module module-text tb_ef4z746   \" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p>Fixed mortgage rates are often more expensive than variable mortgage rates. However, they may vary during the term of your loan. The amount you pay on a variable mortgage is affected by market changes (through the prime rate), which impacts the amount you pay. As a result, the amount of your payment may vary over time. As fixed rates rise in 2022, variable rates have become more tempting, causing more potential buyers to choose for 5-year variable rate mortgages.<\/p>\n<p><strong>\u00a0<\/strong>Variable rates are usually less expensive than fixed rates, but they are more volatile and might be considered riskier. Variable mortgage rates, on the other hand, offer a few key benefits to consider:<\/p>\n<ul>\n<li>You can alter your variable rate to a fixed rate at any time as long as you stay with your original mortgage provider.<\/li>\n<li>It is significantly less expensive to get rid of\u00a0a variable rate mortgage than it is to get rid of a fixed rate mortgage.<\/li>\n<li>\n<p>According to a key study published in 2001 by York University professor Moshe Milevsky, over 90% of Canadian borrowers who had a variable rate mortgage throughout the length of their loan paid less interest than those who had a fixed rate.<\/p>\n<\/li>\n<\/ul>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                        <\/div>\n        <\/div>\n                        <div  data-parallax-bg=\"desktop\" data-css_id=\"a660707\" data-lazy=\"1\" class=\"module_row themify_builder_row fullwidth_row_container tb_a660707 tf_w\">\n                        <div class=\"row_inner col_align_top tb_col_count_1 tf_box tf_rel\">\n                        <div  data-lazy=\"1\" class=\"module_column tb-column col-full tb_xd6i708 first\">\n                    <!-- module fancy heading -->\n<div  class=\"module module-fancy-heading tb_c1l3708  inline-fancy-heading tb_hide_divider\" data-lazy=\"1\">\n        <h2 class=\"fancy-heading\">\n    <span class=\"main-head tf_inline_b\">\n                    Mortgages that are             <\/span>\n\n    \n    <span class=\"sub-head tf_inline_b tf_rel\">\n                    active or inactive            <\/span>\n    <\/h2>\n<\/div>\n<!-- \/module fancy heading -->\n<!-- module text -->\n<div  class=\"module module-text tb_6k79708   \" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p>If you&#8217;re wondering whether an open or closed mortgage is better for you, the answer is that while an open mortgage can be advantageous in some cases, the vast majority of Canadians prefer a closed mortgage. While open mortgages offer greater flexibility, closed mortgages are by far the most popular choice, not just because of cheaper rates, but also because the majority of homeowners do not intend to pay off their mortgage anytime soon. In addition, there are no open fixed mortgages, and variable rate mortgages are unusual. As a result, the most common type of open mortgage is a home equity line of credit (HELOC). The following shows the differences between open and closed loans.<\/p>    <\/div>\n<\/div>\n<!-- \/module text -->        <div  data-lazy=\"1\" class=\"module_subrow themify_builder_sub_row tf_w col_align_top tb_col_count_2 tb_rvtl169\">\n                <div  data-lazy=\"1\" class=\"module_column sub_column tb_xi3j170 first\">\n                    <!-- module text -->\n<div  class=\"module module-text tb_58ol170   \" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <h3>Mortgages that have been paid off:<\/h3>\n<p>Closed mortgage rates are lower than open mortgage rates. Fixed or variable closed mortgages are available, but the amount of principal you may repay each year is limited. If you pay off the whole principal amount of a closed mortgage before the allowed time, which is usually 3 months interest on the outstanding balance, you may be assessed a prepayment penalty.<\/p>\n    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <div  data-lazy=\"1\" class=\"module_column sub_column tb_jmnr170 last\">\n                    <!-- module text -->\n<div  class=\"module module-text tb_rzj4170   \" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <h3>Mortgages that are still open:<\/h3>\n<p>Open mortgages enable you to pay off the whole loan amount at any time throughout the loan&#8217;s term. The disadvantage of this type of loan is that it comes with a premium in the form of higher interest rates. You might wish to consider an open mortgage if you plan to relocate soon or if you expect a large quantity of money in the form of an inheritance or bonus that will allow you to pay off more of your loan.<\/p>\n    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <\/div>\n                <\/div>\n                        <\/div>\n        <\/div>\n                        <div  data-css_id=\"f96f251\" data-lazy=\"1\" class=\"module_row themify_builder_row fullwidth_row_container tb_f96f251 tf_w\">\n                        <div class=\"row_inner col_align_top tb_col_count_1 tf_box tf_rel\">\n                        <div  data-lazy=\"1\" class=\"module_column tb-column col-full tb_8cto305 first\">\n                    <!-- module fancy heading -->\n<div  class=\"module module-fancy-heading tb_dx1i305  inline-fancy-heading tb_hide_divider\" data-lazy=\"1\">\n        <h2 class=\"fancy-heading\">\n    <span class=\"main-head tf_inline_b\">\n                    What are my mortgage            <\/span>\n\n    \n    <span class=\"sub-head tf_inline_b tf_rel\">\n                     financing options?            <\/span>\n    <\/h2>\n<\/div>\n<!-- \/module fancy heading -->\n<!-- module text -->\n<div  class=\"module module-text tb_jjen306   \" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p>While meeting the standards for the best rates is important, you should also think about the basics of qualifying for and receiving a mortgage. Here are some of the things that potential lenders look for when deciding whether or not to provide you with a loan.<\/p>    <\/div>\n<\/div>\n<!-- \/module text --><!-- module accordion -->\n<div  class=\"module module-accordion tb_uo0t364 \" data-behavior=\"accordion\" data-lazy=\"1\">\n    \n    <ul class=\"ui module-accordion separate rounded tb_default_color\">\n            <li>\n            <div class=\"accordion-title tf_rel\">\n                <a href=\"#acc-uo0t364-0\" class=\"tb_title_accordion\" aria-controls=\"acc-uo0t364-0-content\" aria-expanded=\"false\">\n                    <i class=\"accordion-icon\"><svg  class=\"tf_fa tf-ti-arrow-circle-down\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-arrow-circle-down\" xlink:href=\"#tf-ti-arrow-circle-down\"><\/use><\/svg><\/i>                    <i class=\"accordion-active-icon tf_hide\"><svg  class=\"tf_fa tf-ti-arrow-circle-up\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-arrow-circle-up\" xlink:href=\"#tf-ti-arrow-circle-up\"><\/use><\/svg><\/i>                    <span class=\"accordion-title-wrap\">A good credit rating<\/span>                <\/a>\n            <\/div><!-- .accordion-title -->\n            <div id=\"acc-uo0t364-0-content\" data-id=\"acc-uo0t364-0\" aria-hidden=\"true\" class=\"accordion-content tf_hide tf_clearfix\">\n                        <div  data-lazy=\"1\" class=\"module_subrow themify_builder_sub_row tf_w col_align_top tb_col_count_1 tb_byb3990\">\n                <div  data-lazy=\"1\" class=\"module_column sub_column tb_jfhc990 first\">\n                    <!-- module text -->\n<div  class=\"module module-text tb_20fe990   \" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p><span style=\"font-weight: 400; color: #002659;\">You&#8217;ll need a credit score of 680 or higher to get the best mortgage rates. In addition to your credit score, potential lenders will look at any negative information on your credit report, such as missed payments (especially if they have been transferred to a collection agency). If you have a negative credit rating, which is typically defined as a credit score below 660, you are unlikely to qualify for the best mortgage rates. As a result, a subprime mortgage lender like Equitable Bank or Home Trust will be required. If your credit score is below 600, you&#8217;ll almost likely need to use a private lender like WealthBridge. Subprime lenders attract people with bad credit histories. They do, however, charge higher mortgage interest rates. The explanations on this page will help you better understand how your credit score affects your ability to get a mortgage.<\/span><\/p>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <\/div>\n                    <\/div><!-- .accordion-content -->\n        <\/li>\n            <li>\n            <div class=\"accordion-title tf_rel\">\n                <a href=\"#acc-uo0t364-1\" class=\"tb_title_accordion\" aria-controls=\"acc-uo0t364-1-content\" aria-expanded=\"false\">\n                    <i class=\"accordion-icon\"><svg  class=\"tf_fa tf-ti-arrow-circle-down\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-arrow-circle-down\" xlink:href=\"#tf-ti-arrow-circle-down\"><\/use><\/svg><\/i>                    <i class=\"accordion-active-icon tf_hide\"><svg  class=\"tf_fa tf-ti-arrow-circle-up\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-arrow-circle-up\" xlink:href=\"#tf-ti-arrow-circle-up\"><\/use><\/svg><\/i>                    <span class=\"accordion-title-wrap\">Income evidence<\/span>                <\/a>\n            <\/div><!-- .accordion-title -->\n            <div id=\"acc-uo0t364-1-content\" data-id=\"acc-uo0t364-1\" aria-hidden=\"true\" class=\"accordion-content tf_hide tf_clearfix\">\n                        <div  data-lazy=\"1\" class=\"module_subrow themify_builder_sub_row tf_w col_align_top tb_col_count_1 tb_eg98990\">\n                <div  data-lazy=\"1\" class=\"module_column sub_column tb_g3d7990 first\">\n                    <!-- module text -->\n<div  class=\"module module-text tb_20z2990   \" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p><span style=\"color: #002659;\">You&#8217;ll need to provide proof of income, such as pay stubs or tax documents such as your Notice of Assessment. If you have recently started a new work, even if you have proof of income, many lenders may give preference to a borrower who has been employed for at least one year.<\/span><\/p>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <\/div>\n                    <\/div><!-- .accordion-content -->\n        <\/li>\n            <li>\n            <div class=\"accordion-title tf_rel\">\n                <a href=\"#acc-uo0t364-2\" class=\"tb_title_accordion\" aria-controls=\"acc-uo0t364-2-content\" aria-expanded=\"false\">\n                    <i class=\"accordion-icon\"><svg  class=\"tf_fa tf-ti-arrow-circle-down\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-arrow-circle-down\" xlink:href=\"#tf-ti-arrow-circle-down\"><\/use><\/svg><\/i>                    <i class=\"accordion-active-icon tf_hide\"><svg  class=\"tf_fa tf-ti-arrow-circle-up\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-arrow-circle-up\" xlink:href=\"#tf-ti-arrow-circle-up\"><\/use><\/svg><\/i>                    <span class=\"accordion-title-wrap\">Ability to pass the stress test on a mortgage<\/span>                <\/a>\n            <\/div><!-- .accordion-title -->\n            <div id=\"acc-uo0t364-2-content\" data-id=\"acc-uo0t364-2\" aria-hidden=\"true\" class=\"accordion-content tf_hide tf_clearfix\">\n                        <div  data-lazy=\"1\" class=\"module_subrow themify_builder_sub_row tf_w col_align_top tb_col_count_1 tb_xyon990\">\n                <div  data-lazy=\"1\" class=\"module_column sub_column tb_j06a990 first\">\n                    <!-- module text -->\n<div  class=\"module module-text tb_0wg1990   \" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p><span style=\"color: #002659;\">Finally, in order to qualify for the loan amount you choose, your application must pass the stress test. The stress test ensures that you will be able to pay off your mortgage at the qualifying rate, which is a higher rate set by the Bank of Canada. For example, if you were offered a 2.25 percent mortgage rate, the lender may do a stress test to see if you could still make your payments at the qualifying rate of 5.25 percent.<\/span><\/p>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <\/div>\n                    <\/div><!-- .accordion-content -->\n        <\/li>\n        <\/ul>\n\n<\/div><!-- \/module accordion -->        <\/div>\n                        <\/div>\n        <\/div>\n                        <div  data-anchor=\"RequestACall\" data-lazy=\"1\" class=\"module_row themify_builder_row tb_has_section tb_section-RequestACall tb_079f10 tf_w\">\n                        <div class=\"row_inner col_align_top tb_col_count_1 tf_box tf_rel\">\n                        <div  data-lazy=\"1\" class=\"module_column tb-column col-full tb_px6e10 first\">\n                    <!-- module fancy heading -->\n<div  class=\"module module-fancy-heading tb_7tna342  inline-fancy-heading tb_hide_divider\" data-lazy=\"1\">\n        <h2 class=\"fancy-heading tf_textl\">\n    <span class=\"main-head tf_inline_b\">\n                    Request a            <\/span>\n\n    \n    <span class=\"sub-head tf_inline_b tf_rel\">\n                    call            <\/span>\n    <\/h2>\n<\/div>\n<!-- \/module fancy heading -->\n<!-- module plain text -->\n<div  class=\"module module-plain-text tb_99ip650 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <div class=\"tb_layout_part_wrap tf_w\"><!--themify_builder_content-->\n    <div  class=\"themify_builder_content themify_builder_content-1027 themify_builder not_editable_builder in_the_loop\" data-postid=\"1027\">\n                        <div  data-lazy=\"1\" class=\"module_row themify_builder_row tb_448z621 tf_w\">\n                        <div class=\"row_inner col_align_top tb_col_count_1 tf_box tf_rel\">\n                        <div  data-lazy=\"1\" class=\"module_column tb-column col-full tb_r3fl622 first\">\n                    <!-- module plain text -->\n<div  class=\"module module-plain-text tb_crl2622 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <div id=\"call_form\"><\/div>\n<script type=\"text\/javascript\">\njQuery().ready(function() {\njQuery('#call_form').call_form('en', true, false);\n});\n<\/script>    <\/div>\n<\/div>\n<!-- \/module plain text -->        <\/div>\n                        <\/div>\n        <\/div>\n            <\/div>\n<!--\/themify_builder_content--><\/div>\n    <\/div>\n<\/div>\n<!-- \/module plain text -->        <\/div>\n                        <\/div>\n        <\/div>\n        <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>Mortgage Rates Multi-Pr\u00eats rate Mortgage rates as of today Multi-Pr\u00eat rate Get this rate Mortgage rates as of today Multi-Pr\u00eat rate Get this rate Mortgage rates as of today Multi-Pr\u00eat rate Get this rate Mortgage rates as of today Multi-Pr\u00eat rate Get this rate Mortgage rates as of today Get your rate * Some conditions [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-50","page","type-page","status-publish","hentry","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Best Mortgage rate with Multi-Prets in Quebec City<\/title>\n<meta name=\"description\" content=\"Make sure you find the best mortgage rate by entrusting your search for a financial institution to a Multi-Prets broker in Quebec City\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/meilleures-hypotheques.ca\/en\/mortgage-rates\/\" 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Hypoth\u00e9caire","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/meilleures-hypotheques.ca\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"}]}},"builder_content":"<h1 style=\"text-align: left;\">Mortgage Rates<\/h1>\n<link rel=\"stylesheet\" href=\"http:\/\/cdnjs.cloudflare.com\/ajax\/libs\/font-awesome\/4.4.0\/css\/font-awesome.min.css\"> <h5id=\"date\"style=\"letter-spacing:0px;\"><\/h5>\n\n<h3 id=\"taux_multi_green\">Multi-Pr\u00eats rate<\/h3>\n<h3 id=\"taux_multi_white\">Mortgage rates as of today<\/h3>\n<h2id=\"taux1\"><\/h2>\n<p style=\"text-align: center;\">Multi-Pr\u00eat rate<\/p>\n<h3 id=\"years_fiexe1\"class=\"year1\"><\/h3>\n<a href=\"\/en\/get-my-rate\/\" id=\"btn\"> Get this rate <\/a>\n<h3 id=\"tax_total1\"><\/h3>\n<p>Mortgage rates as of today<\/p>\n<h2id=\"taux2\"><\/h2>\n<p style=\"text-align: center;\">Multi-Pr\u00eat rate<\/p>\n<h3 id=\"years_fiexe2\"><\/h3>\n<a href=\"\/en\/get-my-rate\/\" id=\"btn\"> Get this rate <\/a>\n<h3 id=\"tax_total2\"><\/h3>\n<p>Mortgage rates as of today<\/p>\n<h2id=\"taux3\"><\/h2>\n<p style=\"text-align: center;\">Multi-Pr\u00eat rate<\/p>\n<h3 id=\"years_fiexe3\"><\/h3>\n<a href=\"\/en\/get-my-rate\/\" id=\"btn\"> Get this rate <\/a>\n<h3 id=\"tax_total3\"><\/h3>\n<p>Mortgage rates as of today<\/p>\n<h2id=\"taux4\"><\/h2>\n<p style=\"text-align: center;\">Multi-Pr\u00eat rate<\/p>\n<h3 id=\"years_fiexe4\"><\/h3>\n<a href=\"\/en\/get-my-rate\/\" id=\"btn\"> Get this rate <\/a>\n<h3 id=\"tax_total4\"><\/h3>\n<p>Mortgage rates as of today<\/p>\n<a href=\"\/en\/get-my-rate\" > Get your rate <em><svg xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-angle-right\" xlink:href=\"#tf-ti-angle-right\"><\/use><\/svg><\/em> <\/a>\n<p id=\"text_bottom\">* Some conditions may apply. Subject to change without notice. Rates may vary depending on amount borrowed, collateral offered or other factors. Contact your Mortgage Broker at Yves St-Denis Mortgage Brokers for more information.<\/p>\n<h2>Fluctuating mortgage <br\/>rates<\/h2>\n<p>Fixed mortgage rates are often more expensive than variable mortgage rates. However, they may vary during the term of your loan. The amount you pay on a variable mortgage is affected by market changes (through the prime rate), which impacts the amount you pay. As a result, the amount of your payment may vary over time. As fixed rates rise in 2022, variable rates have become more tempting, causing more potential buyers to choose for 5-year variable rate mortgages.<\/p> <p><strong>\u00a0<\/strong>Variable rates are usually less expensive than fixed rates, but they are more volatile and might be considered riskier. Variable mortgage rates, on the other hand, offer a few key benefits to consider:<\/p> <ul> <li>You can alter your variable rate to a fixed rate at any time as long as you stay with your original mortgage provider.<\/li> <li>It is significantly less expensive to get rid of\u00a0a variable rate mortgage than it is to get rid of a fixed rate mortgage.<\/li> <li> <p>According to a key study published in 2001 by York University professor Moshe Milevsky, over 90% of Canadian borrowers who had a variable rate mortgage throughout the length of their loan paid less interest than those who had a fixed rate.<\/p> <\/li> <\/ul>\n<h2>Mortgages that are <br\/>active or inactive<\/h2>\n<p>If you're wondering whether an open or closed mortgage is better for you, the answer is that while an open mortgage can be advantageous in some cases, the vast majority of Canadians prefer a closed mortgage. While open mortgages offer greater flexibility, closed mortgages are by far the most popular choice, not just because of cheaper rates, but also because the majority of homeowners do not intend to pay off their mortgage anytime soon. In addition, there are no open fixed mortgages, and variable rate mortgages are unusual. As a result, the most common type of open mortgage is a home equity line of credit (HELOC). The following shows the differences between open and closed loans.<\/p>\n<h3>Mortgages that have been paid off:<\/h3> <p>Closed mortgage rates are lower than open mortgage rates. Fixed or variable closed mortgages are available, but the amount of principal you may repay each year is limited. If you pay off the whole principal amount of a closed mortgage before the allowed time, which is usually 3 months interest on the outstanding balance, you may be assessed a prepayment penalty.<\/p>\n<h3>Mortgages that are still open:<\/h3> <p>Open mortgages enable you to pay off the whole loan amount at any time throughout the loan's term. The disadvantage of this type of loan is that it comes with a premium in the form of higher interest rates. You might wish to consider an open mortgage if you plan to relocate soon or if you expect a large quantity of money in the form of an inheritance or bonus that will allow you to pay off more of your loan.<\/p>\n<h2>What are my mortgage<br\/> financing options?<\/h2>\n<p>While meeting the standards for the best rates is important, you should also think about the basics of qualifying for and receiving a mortgage. Here are some of the things that potential lenders look for when deciding whether or not to provide you with a loan.<\/p>\n<ul><li><h4>A good credit rating<\/h4><p>You'll need a credit score of 680 or higher to get the best mortgage rates. In addition to your credit score, potential lenders will look at any negative information on your credit report, such as missed payments (especially if they have been transferred to a collection agency). If you have a negative credit rating, which is typically defined as a credit score below 660, you are unlikely to qualify for the best mortgage rates. As a result, a subprime mortgage lender like Equitable Bank or Home Trust will be required. If your credit score is below 600, you'll almost likely need to use a private lender like WealthBridge. Subprime lenders attract people with bad credit histories. They do, however, charge higher mortgage interest rates. The explanations on this page will help you better understand how your credit score affects your ability to get a mortgage.<\/p><\/li><li><h4>Income evidence<\/h4><p>You'll need to provide proof of income, such as pay stubs or tax documents such as your Notice of Assessment. If you have recently started a new work, even if you have proof of income, many lenders may give preference to a borrower who has been employed for at least one year.<\/p><\/li><li><h4>Ability to pass the stress test on a mortgage<\/h4><p>Finally, in order to qualify for the loan amount you choose, your application must pass the stress test. The stress test ensures that you will be able to pay off your mortgage at the qualifying rate, which is a higher rate set by the Bank of Canada. For example, if you were offered a 2.25 percent mortgage rate, the lender may do a stress test to see if you could still make your payments at the qualifying rate of 5.25 percent.<\/p><\/li><\/ul>\n<p>You'll need a credit score of 680 or higher to get the best mortgage rates. In addition to your credit score, potential lenders will look at any negative information on your credit report, such as missed payments (especially if they have been transferred to a collection agency). If you have a negative credit rating, which is typically defined as a credit score below 660, you are unlikely to qualify for the best mortgage rates. As a result, a subprime mortgage lender like Equitable Bank or Home Trust will be required. If your credit score is below 600, you'll almost likely need to use a private lender like WealthBridge. Subprime lenders attract people with bad credit histories. They do, however, charge higher mortgage interest rates. The explanations on this page will help you better understand how your credit score affects your ability to get a mortgage.<\/p>\n<p>You'll need to provide proof of income, such as pay stubs or tax documents such as your Notice of Assessment. If you have recently started a new work, even if you have proof of income, many lenders may give preference to a borrower who has been employed for at least one year.<\/p>\n<p>Finally, in order to qualify for the loan amount you choose, your application must pass the stress test. The stress test ensures that you will be able to pay off your mortgage at the qualifying rate, which is a higher rate set by the Bank of Canada. For example, if you were offered a 2.25 percent mortgage rate, the lender may do a stress test to see if you could still make your payments at the qualifying rate of 5.25 percent.<\/p>\n<h2>Request a<br\/>call<\/h2>\n[themify_layout_part id=\"1027\"]","_links":{"self":[{"href":"https:\/\/meilleures-hypotheques.ca\/en\/wp-json\/wp\/v2\/pages\/50","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/meilleures-hypotheques.ca\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/meilleures-hypotheques.ca\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/meilleures-hypotheques.ca\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/meilleures-hypotheques.ca\/en\/wp-json\/wp\/v2\/comments?post=50"}],"version-history":[{"count":0,"href":"https:\/\/meilleures-hypotheques.ca\/en\/wp-json\/wp\/v2\/pages\/50\/revisions"}],"wp:attachment":[{"href":"https:\/\/meilleures-hypotheques.ca\/en\/wp-json\/wp\/v2\/media?parent=50"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}