
Mortgage rates
Our rates for qualified residential mortgages
Rates are obviously a key deciding factor when choosing a lender for your client’s residential mortgage. Below you will find the latest rates that First National offers for qualified residential mortgages.
While competitive rates are important, so is having a partner that puts your client first. At First National, we are committed to going beyond service – making it easy for your client to manage their mortgage and achieve their real estate financing goals.
Rates effective as of Friday, December 6, 2024 for qualified residential properties.
Posted Rates
Fixed rate mortgages – closed terms
Mortgage type | 1 year | 2 year | 3 year | 4 year | 5 year | 7 year | 10 year |
---|---|---|---|---|---|---|---|
Insured | 6.63 | 5.92 | 5.04 | 4.99 | 4.64 | 5.90 | 5.80 |
Insurable up to 65% LTV | 6.63 | 5.92 | 5.04 | 4.99 | 4.64 | N/A | N/A |
Insurable > 65% - 70% LTV | 6.63 | 5.92 | 5.04 | 4.99 | 4.74 | N/A | N/A |
Insurable > 70% - 75% LTV | 6.63 | 5.92 | 5.04 | 4.99 | 4.79 | N/A | N/A |
Insurable > 75% - 80% LTV | 6.63 | 5.92 | 5.04 | 4.99 | 4.84 | N/A | N/A |
Conventional | 6.63 | 5.92 | 5.04 | 4.99 | 4.99 | 5.90 | 5.80 |
Adjustable rate mortgages
Mortgage type | 5 year |
---|---|
Insured | Prime - 0.85% for the entire term |
Insurable up to 65% LTV | Prime - 0.85% for the entire term |
Insurable > 65% - 70% LTV | Prime - 0.70% for the entire term |
Insurable > 70% - 75% LTV | Prime - 0.55% for the entire term |
Insurable > 75% - 80% LTV | Prime - 0.55% for the entire term |
Conventional | Prime - 0.11% for the entire term |
First National Prime Rate: 5.95
Open term mortgage
6 month fixed term | 9.95 |
---|
Excalibur Mortgage Rates
Year | 680+ | 650-679 | 600-649 | 580-599 | < 580 |
---|---|---|---|---|---|
1 Year | 5.84% | 5.99% | 6.24% | 6.49% | 6.74% |
2 Year | 5.54% | 5.69% | 5.94% | 6.19% | 6.34% |
3 Year | 5.44% | 5.59% | 5.84% | 6.09% | 6.34% |
Not familiar with these mortgage terms? Visit our glossary here.
Rates are for single-family residential mortgages.
Actual rates may vary. Please contact First National at 416.593.1100 or toll-free at 1.888.670.2111 or email a Mortgage Specialist for further information.
Rates are subject to change without notice.
E. & O. E.

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