5/3 Mortgage Rates
Contents 3-year fixed interest-rate Subsequent 1-year interest-rate Single family residence Current toronto mortgage 3/1 Arm Meaning The "hybrid" refers to the ARM’s blend of fixed-rate and adjustable-rate characteristics. Hybrid ARMs are referred to by their initial fixed-rate and adjustable-rate periods, for example, 3/1, is for an ARM with a 3-year fixed interest-rate period and subsequent 1-year interest-rate adjustment periods. The average contract interest rate for 30-year fixed-rate mortgages dipped to 4.23%. Get the Best Mortgage Rate in Alberta. With mortgage rates on the rise and the majority of Alberta housing…
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