Company

CIBC

Rate

Five Year
1.93%
Fixed Mortgage Rate

Key Details

Rate Hold 90 Days (Feb 21)   
Payment $1866 (Customize)   
Prepayments 10% / 100%   

Mortgage Info

Rate Hold 90 Days (Feb 21)
Lump Prepayments 10%
Payment Increase 100%
Double-up Payments No
Permitted Loan-to-Value 80.01% to 95%
Pre-approvals Yes
Provider Type Bank
Provinces Served National

More Details

Minimum Mortgage Inquire
Max Property Value $1,000,000.00
Open No
Max Amortization 25 Years
On Ratespy Since August 05, 2020

Rate History

Last Updated Oct 20, 2020
Previous Update Sep 09, 2020
Prior Rate 1.97%
Latest Rate Change -0.04%
Rate ID # 6438

Payment Information

Mortgage Amount
Amortization (years)
Monthly Payments

All CIBC mortgage rates

Rate History

How It Compares

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This rate is:

  • The 21st-lowest 5-year fixed rate as of November 23, 2020
  • Ranked 179 out of 2963 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 aren?t posted rates of CIBC. Offer may be changed, withdrawn or extended at any time, without notice.

The 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 $300.

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.