Company

CIBC

Rate

Five Year
2.57%
Fixed Mortgage Rate

Key Details

Rate Hold 90 Days (Oct 09)   
Payment $1866 (Customize)   
Prepayments 10% / 100%   

Mortgage Info

Rate Hold 90 Days (Oct 09)
Lump Prepayments 10%
Payment Increase 100%
Double-up Payments No
Permitted Loan-to-Value Up to 95%
Pre-approvals Yes
Provider Type Bank
Provinces Served National

More Details

Minimum Mortgage Inquire
Max Property Value Inquire
Open No
Max Amortization 30 Years
On Ratespy Since March 14, 2019

Rate History

Last Updated Jul 01, 2020
Previous Update Jun 09, 2020
Prior Rate 2.82%
Latest Rate Change -0.25%
Rate ID # 640

Payment Information

Mortgage Amount
Amortization (years)
Monthly Payments

All CIBC mortgage rates

Rate History

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This rate is:

  • The 31st-lowest 5-year fixed rate as of July 11, 2020
  • Ranked 127 out of 2799 rates for popularity.

Province

Provider Notes

Check this provider's website for complete details.

Rate Notes

This is the bank's official special offer rate. Lower discretionary rates may be available to well-qualified borrowers. Special offers apply to new mortgages only. Rates shown for the applicable term are CIBC?s special discounted rates and are not posted rates of CIBC. Offer may be changed, withdrawn or extended at any time, without notice. Annual Percentage Rate (APR) is based on a new $275,000 mortgage for the applicable term and a 25-year amortization assuming a Property Valuation Fee of $250. Rates shown for the applicable term are CIBC?s special discounted rates and are not posted rates of CIBC. Offer may be changed, withdrawn or extended at any time, without notice. APR means the cost of borrowing for a loan expressed as an interest rate. It includes all interest and non-interest charges associated with the mortgage. If there are no non-interest charges, the annual interest rate and APR will be the same.

RateSpy does not see or store your contact information or personal information when you inquire about a rate. The information you enter goes directly to the lender. Mortgage rates listed are subject to change at any time and apply to those with approved credit. Please contact the mortgage provider directly for more information.