Mortgage Rates 2024 Graph. These are today's mortgage rates. But it may take a while for them to fully come down.
We created this image by averaging the rate. Here are current average rates for a variety of mortgage types to help as you rate shop in preparation for homebuying.
What will happen to mortgage rates in 2025?
The graph above shows the mortgage rate history in canada from 1975 to 2024, based on the posted rates by canada’s six major banks and collected by the bank.
Tomorrow's cpi data will give insight into future rate trends.
Experts estimate that mortgage interest rates should peak near 7% — possibly up to 8% — and gradually trend lower, potentially landing between 5% and 6%.
