7/4/2023 0 Comments Download rocket mortgage rates![]() ![]() Having a good credit score will allow you to access multiple options when buying, refinancing, or renewing. To see current mortgage rates for our most popular terms, visit our rates page. Variable Mortgage - Rates are based on the prime rate and can update up to 8 times annually.Fixed Mortgage - Locks your rate for a fixed mortgage payment term – most commonly for five years at a time.Closed mortgages often have lower interest rates but do not offer the same flexibility that an open mortgage does.Ĭanadians have the option of using the following mortgage interest rate types:.Penalties may be incurred to break the mortgage. However, these mortgages come with higher rates as increased flexibility comes with a price. ![]() Open mortgages allow for renegotiation of the mortgage at any time.
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