HomebuyingREPORT: Canadian mortgage rates and housing market trends 2020
Experts say we haven’t yet seen the full effects of COVID-19 on the housing market.
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On average, Canadians save thousands of dollars per year by comparing rates with us.
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About fixed open mortgage rates.
Get flexibility and security with a fixed open mortgage. Fixed open mortgages let you lock in a rate for a set duration of time while also letting you pay off as much of your mortgage as you want, when you want. Fixed open mortgages are a popular option for borrowers who may need to sell their home in the future or for borrowers who expect to be able to make a lump sum payment during the term.
Short-term (6 months to a year) fixed open mortgages are also great if you want to stay flexible while you wait to see where interest rates are headed.
At LowestRates.ca, you can find the best fixed open mortgages currently available in Canada. Start comparing by selecting a product from the rate chart above.
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If you’re planning to sell your house or break your mortgage before the end of your term, there could be fees to pay.