Our rates for qualified residential mortgages.
The mortgage process introduces terms and concepts that may be unfamiliar to some borrowers. Our mortgage specialists have compiled a comprehensive glossary of terms with explanations to make it easier for you to speak with your broker and choose the right mortgage solution for your needs, lifestyle and budget.
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Working with a Mortgage Broker
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Working with a Mortgage BrokerRates effective as of Tuesday, September 29, 2026 for qualified residential properties.
Posted Rates
Fixed rate mortgages – closed terms
| Mortgage type | 1 year | 2 year | 3 year | 4 year | 5 year | 7 year | 10 year |
|---|---|---|---|---|---|---|---|
| Insured | 5.90 | 5.59 | 5.49 | 5.44 | 4.99 | 5.61 | 5.91 |
| Insurable up to 65% LTV | 5.90 | 5.59 | 5.49 | 5.44 | 5.04 | N/A | N/A |
| Insurable > 65% - 70% LTV | 5.90 | 5.59 | 5.49 | 5.44 | 5.09 | N/A | N/A |
| Insurable > 70% - 75% LTV | 5.90 | 5.59 | 5.49 | 5.44 | 5.14 | N/A | N/A |
| Insurable > 75% - 80% LTV | 5.90 | 5.59 | 5.49 | 5.44 | 5.19 | N/A | N/A |
| Conventional | 5.90 | 5.59 | 5.49 | 5.44 | 5.44 | 5.61 | 5.91 |
Adjustable rate mortgages
| Mortgage type | 5 year |
|---|---|
| Insured | Prime - 0.75% for the entire term |
| Insurable up to 65% LTV | Prime - 0.70% for the entire term |
| Insurable > 65% - 70% LTV | Prime - 0.50% for the entire term |
| Insurable > 70% - 75% LTV | Prime - 0.45% for the entire term |
| Insurable > 75% - 80% LTV | Prime - 0.41% for the entire term |
| Conventional | Prime - 0.21% for the entire term |
First National Prime Rate: 4.45
Open term mortgage
| 6 month fixed term | 9.95 |
|---|
Excalibur Mortgage Rates
| Year | 680+ | 650-679 | 600-649 | 580-599 | < 580 |
|---|---|---|---|---|---|
| 1 Year | 5.14% | 5.29% | 5.54% | 5.79% | 6.04% |
| 2 Year | 5.24% | 5.49% | 5.74% | 5.99% | 6.14% |
| 3 Year | 5.34% | 5.59% | 5.84% | 6.09% | 6.34% |
Rates are for single-family residential mortgages. Actual rates may vary. Please contact First National toll-free at 1.888.670.2111, send us a message through your My Mortgage account or speak with your mortgage broker for further information. Rates are subject to change without notice. E. & O. E.
Not familiar with these mortgage terms? Visit our glossary here.
Rates are for single-family residential mortgages.
Actual rates may vary. Please contact First National toll-free at 1.888.670.2111 or send us a message through your My Mortgage account.
Rates are subject to change without notice.
E. & O. E.