Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeReal EstateMortgagesMortgage RatesAttention all fixed-rate shoppers: your window may be closingRobert McLister: The longer that crude stays in triple digits, the greater the chance mortgage rates and prime rate will be packing for a trip northLast updated 1 day ago You can save this article by registering for free here. Or sign-in if you have an account.A house for sale in Vancouver, B.C. Photo by Jennifer Gauthier/Bloomberg filesOil has climbed back over the $100 threshold that the Bank of Canada called out in last month’s Monetary Policy Report.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe longer that crude stays in triple digits, the greater the chance mortgage rates and prime rate will be packing for a trip north.And yet, somewhere around four in 10 borrowers have been taking variable rates, apparently unconvinced that oil-driven inflation has legs.By historical standards, the best variable rates are still underwhelming, at least if you’re not default insured.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againCitadel Mortgage is leading the advertised uninsured market with a prime minus 0.76 per cent (3.69 per cent) offer.Alternatively, floating-rate borrowers can save about 34 basis points on the rate if they buy default insurance.For those who think this latest inflation spike is short-lived, True North Mortgage now offers two-year insured rates at just 3.99 per cent, or 4.49 per cent for a one-year. Both of those lead all national lendersAt the moment, however, three-year fixed rates continue to be the crowd favourite. The leaders there are hovering around four per cent, plus or minus.If you’re out there fixed-rate shopping, the clock may not be on your side. Lock in a rate hold early because if Canada’s five-year government bond yield closes above 3.33 per cent or so, fixed rates could pop again.Robert McLister is a mortgage strategist, interest rate analyst and editor of MortgageLogic.news. You can follow him on X at @RobMcLister.For the best national insured and uninsured mortgage rates, updated daily, please visit our mortgage rate page here. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.