A fixed mortgage rate, as compared to a variable rate, is generally higher than the variable.  The benefit to the fixed mortgage rate is you can depend the interest rate will stay the same over the term of your mortgage.  Another benefit to the fixed rate is that you know exactly how much your mortgage payment is, whether weekly, bi-weekly or monthly.

The benefits to the 3 year fixed mortgage rates Ontario is you have the security of knowing the rate will stay the same over the term but also that you are not locked into a long term if mortgage rates become lower.   Mortgage rates can change drastically in a matter of hours so you want to find a mortgage broker Ontario who knows the market and who can offer the lowest rates.  Real Mortgage Associates know the market and will find you the best mortgage rate available allowing you to save thousands of dollars over the life of your mortgage.

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