Desjardins Mortgage Rates

Fixed and variable mortgage rates are available with terms from six months to 10 years, including annually adjustable options. The prime rate is 4.70% and changes with the Bank of Canada’s overnight rate. Fixed rates are stable; variable rates can fluctuate, increasing financial risk. Open mortgages permit penalty-free prepayments but have higher rates. Comparing APR, improving credit, and negotiating can help secure better mortgage deals.