[supafamous]

Originally Posted by yameen

Hi everyone! I've been gone for awhile. I'm so out of the loop when it comes to mortgage rates now even though I know we've been getting constant rate hikes!

My mortgage is up for renewal next month and I'm wondering what rates everyone has been getting lately and if there's any tips to get a better rate for the next renewal.

I also hear there's a rate hike tomorrow?? My current rate is 3.05% 5 yr fixed. I'm assuming it's around 4.5-5% now?

Thanks in advance!

My brother just converted to a 4 year fixed at 5.29% with Scotia. 3 year was 5.64%, 5 year was also 5.29%. This rate basically assumes a rate increase is coming.