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 RatesMortgage rate risk edges upwardRobert McLister: Borrowers looking to duck rising mortgage risks are mostly grabbing three- and five-year fixed rates You can save this article by registering for free here. Or sign-in if you have an account.Real estate signs sit on lawns in London, Ont. on Tuesday, July 7, 2026. Photo by Geoff Robins/The London Free PressOil prices have sprung off their June lows with gusto. Add in a firming economy, and these two factors are keeping bond yields stubbornly elevated.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, of course, is not what fixed mortgage shoppers want to hear, since fixed rates take their marching orders from the bond market.The real question is: how far does core inflation rebound given the recent surge in headline inflation (which usually leads core)?Gas prices cratered in June, so Monday’s Consumer Price Index (CPI) should deliver some headline relief. But gas futures have since staged a comeback, meaning July’s inflation number may not be so charitable.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 againAdd it all up, and you get one thing: mortgage rate risk.Borrowers looking to duck that risk are mostly grabbing three- and five-year fixed rates, which sat perfectly still this week.Regional providers like Ratebuzz (Ont.), Multi-Prets (Que.), Coast Capital (B.C.), Affinity Credit Union (Sask.) feature the lowest advertised fixed rates.Regionals rule the floating-rate market, too, with Butler Mortgage (Alta., B.C., Ont.) advertising Canada’s lowest mortgage rate: a remarkable 3.25 per cent (prime minus 1.20 per cent) variable offer for default-insured borrowers.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. 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