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Mortgage Rate history…25 year chart

Here’s an updated 25 year Interest Rate Chart.   The chart gets updated monthly by Firstline Mortgages, a division of CIBC.   Click here to see the data.

The only surprise is that interest rates didn’t go up as many experts had predicted last year and earlier this year…  To sum up why in just one word……UNCERTAINTY…..  there is a lot of uncertainty about he global recovery and the domestic economy…. watch for interest rates to stay fairly flat through the rest of 2010….

Steve Garganis View All

As an industry insider, Steve will share info that the BANKS don't want you to know. Steve has appeared on TV's Global Morning News, CBC's "Our Toronto" and The Real Life TV show. He's also been quoted in several newspapers such as the Globe and Mail, The Toronto Star, The Vancouver Sun, The Star Phoenix, etc.

4 thoughts on “Mortgage Rate history…25 year chart Leave a comment

  1. Interest rates have been on a downwards trend since 30 years.
    Comparison between fixed and variable may look different when interest rates are on a long-term upwards trend.
    So I’d be interested to see a comparison chart going back 40 years or so.

    • Yes, I too would like to see a mortgage rate chart going back 40 years. Our mortgage rate 45 years ago was always 10 per cent and young people today don’t believe it and don’t realize how hard that was on the working class to make payments at those high rates. In fact for a time the rate was over 14 per cent.

  2. IN A NUT SHELL, 5% for a mortgage is quite fair for a mortgage rate but now people have 2% mortgages and if you ask them about it they don’t believe the gov or banks can raise interest to that level , believe me they can. I expected everything to come down like it did in the early 90’s but realized that the only thing that would bring down this deck of card would be rising interest rates. Looking at it, there was no catalyst out there to make the gov start raising rates because inflation was well under control. Them came the pandemic, have you heard the news of rising prices, wait till the lockdown ends in ontario. from what I understand the interest rate is one the tool gov uses to control inflation, talk to people and see if they have noticed rising prices on anything

    • I agree that interest rates are ridiculously low. We should budget for higher rates. Not sure when we’ll see 5%. I think it could be many years as our govt has massive debt problems.

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