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 RatesOil has surrendered its gains from the U.S.-Iran war and mortgage rates are starting to follow suitRobert McLister: A shrinking inflation premium is dragging bond yields lower and fixed-mortgage funding costs are obediently following them down You can save this article by registering for free here. Or sign-in if you have an account.Homes for sale in East Gwillimbury, Ont. Photo by Cole Burston/Bloomberg filesOil has surrendered nearly every dollar it gained while the Americans and Iran were busy bombing each other.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 AccountorThat’s encouraging on several fronts, not the least of which is for mortgage rates.A shrinking inflation premium is dragging bond yields lower and fixed-mortgage funding costs are obediently following them down.The declines are now manifesting in mortgage rates, with leading (unadvertised) big bank rates shedding 10 basis points on the week.The most popular fixed term, the three-year, is now as low as 3.89 per cent for default insured borrowers at Butler Mortgage. SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning.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 FP West: Energy Insider will soon be in your inbox.We encountered an issue signing you up. Please try againYou’ll find leading uninsured offers for 10 to 20 bps more, depending on your province, from providers like Ratebuzz (in Ontario), Assiniboine Credit Union (in Manitoba), Coast Capital (in B.C.) and Citadel Mortgages (in most other places).In the floating-rate market, the lowest advertised rates were unchanged on the week. The cheapest variable offers remain around prime minus 1.0 to 1.1 per cent (3.30 to 3.40 per cent) and up for insured borrowers. For uninsured variables, you’ll pay at least 20 to 40 basis points more, depending on where you live.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.