Rate
Seven Year5.06%
Fixed Mortgage Rate
Key Details
Rate Hold | 90 Days (May 16) | |
Payment | $1866 (Customize) | |
Prepayments | 10% / 100% |
Mortgage Info
Rate Hold | 90 Days (May 16) |
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 | May 29, 2018 |
Rate History
Last Updated | Apr 28, 2023 |
Previous Update | -- |
Prior Rate | 6.06% |
Latest Rate Change | -1.00% |
Rate ID # | 641 |
Payment Information
Mortgage Amount | |
Amortization (years) | |
Monthly Payments | |
All CIBC mortgage rates |
Rate History
How It Compares
- The lowest 7-year fixed rate as of February 15, 2025
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 Offer may be changed, withdrawn or extended at any time, without notice.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 Offer may be changed, withdrawn or extended at any time, without notice.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.
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