Current Mortgage Rates

Sunday, September 07, 2008



You may split your mortgage between fixed and variable rates. This gives you the security of knowing how much your repayments are on a portion of your mortgage, while having the flexibility to make early repayments on the variable portion of your mortgage without incurring a redemption fee. Benefits of a split loan at a glance:
  • Competitive interest rates over a variety of fixed and variable loan types.
  • Flexibility - you can choose which portion you would like to fix and which portion you would like to be on variable terms.
  • You can choose loan options that suit your needs.
  • Fixed rate portion offers rate and repayment security and peace of mind.
  • The variable rate gives you repayment flexibility.
  • The ability to link one of the loans (if eligible) to a 100% mortgage offset account.
A mortgage which allows you to minimize - or hedge - your interest rate risk by splitting your mortgage into 3 to 5 parts. For example: A $150,000 mortgage could be split into five $30,000 segments with terms of 6 months, 1, 2, 3 and 5 year terms negotiated at today's best rates. The average rate (say, 6.25%) would rise or fall much more slowly than changes in the market, however, as only the shorter terms are affected by even the most volatile rate movements over the first few years.



Get Current Mortgage Rates
From Top Lenders

Property State
Type of Loan
Home Description
Your Credit Profile
Note: Your credit profile will not be run for this inquiry.

Mortgage Resources



Current Mortgage Rates*

Loan Type
National Average
30-yr. fixed6.38%
30-yr. fixed jumbo7.00%
15-yr. fixed5.88%
15-yr. fixed jumbo6.50%
7/1 ARM6.25%
5/1 ARM6.00%
3/1 ARM5.88%
1-yr. ARM6.00%
1-yr. LIBOR ARM5.50%
10/1 ARM7.88%
*Mortgage Rates Updated: 09/04/2008