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January 2018 Mortgage Rates

Blog by Andrew Reid | January 18th, 2018

The fixed mortgage rates have increased with most lenders this week. The average 5 year fixed on a conventional mortgage is now at 3.49%. The
average 5 year fixed on a high-ratio mortgage is 3.19%.

The new prime lending rate at most institutions is now 3.45% (up from 3.20%). If you have a VRM (variable rate mortgage), HELOC (home equity line of credit) or personal loans based on the prime lending rate, your base rate just went up by 0.25%.