Marathon Mortgage Rates
Want great rates? You have come to the right lender. We will show you how you to best structure your mortgage to lower the overall interest you have to pay.
Our mortgage rates
Take advantage of our competitive rates. Switch your mortgage to Marathon and see how we go the distance for you.
| Term | Current Rate (%) |
|---|---|
Term 6 Month Fixed Rate - 90 Day Rate (Purchases Only) | |
Term LTV 95% or less *Insurance premium required on all LTVs (capitalized into mortgage)* | Current Rate (%) 5.50% |
Term 5 Year Fixed Rates - 90 Day Rate (Insurable) | |
Term LTV Above 80% | Current Rate (%) 5.84% |
Term LTV Between 75.01% - 80% | Current Rate (%) 6.09% |
Term LTV Between 70.01% - 75% | Current Rate (%) 6.09% |
Term LTV Between 65.01% - 70% | Current Rate (%) 5.94% |
Term LTV equals 65% or less | Current Rate (%) 5.84% |
Term 4 Year Fixed Rates - 90 Day Rate (Insurable) | |
Term LTV above 80% | Current Rate (%) 6.19% |
Term LTV between 70.01% - 80% | Current Rate (%) 6.34% |
Term LTV between 65.01% - 70% | Current Rate (%) 6.29% |
Term LTV equals 65% or less | Current Rate (%) 6.29% |
Term 3 Year Fixed Rates - 90 Day Rate (Insurable) | |
Term LTV above 80% | Current Rate (%) 6.39% |
Term LTV between 75.01% - 80% | Current Rate (%) 6.64 |
Term LTV between 70.01% - 75% | Current Rate (%) 6.54% |
Term LTV between 65.01% - 70% | Current Rate (%) 6.49% |
Term LTV equals 65% or less | Current Rate (%) 6.39% |
Term 2 Year Fixed Rates - 90 Day Rate (Insurable) | |
Term LTV above 80% | Current Rate (%) 6.64% |
Term LTV between 75.01% - 80% | Current Rate (%) 6.89% |
Term LTV between 70.01% - 75% | Current Rate (%) 6.79% |
Term LTV between 65.01% - 70% | Current Rate (%) 6.74% |
Term LTV equals 65% or less | Current Rate (%) 6.64% |
Term Uninsurable Mortgage Rates (Max. 80% LTV) | |
Term 5 Year Fixed Rate Max. 80% LTV (Uninsured) | Current Rate (%) 6.49% |
Term 5 Year Adjustable Rate Max. 80% LTV (Uninsured) | Current Rate (%) Prime minus 0.25 |
Term 5 Year Adjustable Rate (Insured) | Current Rate (%) Up to prime minus 0.90 |
Term ARM conversion rates vary. We encourage you to call our Customer Service team at 416-603-6060 or 1-855-503-6060 Extension "0" (Zero) to assist with your specific scenario | |
Term ARM conversion rates range up to: | Current Rate (%) 7.04% |
Term Reinvestment Rates | |
Term 12 Months Reinvestment Rate | Current Rate (%) 6.213% |
Term 2 Yr Reinvestment Rate | Current Rate (%) 5.875% |
Term 3 Yr Reinvestment Rate | Current Rate (%) 5.553% |
Term 4 Yr Reinvestment Rate | Current Rate (%) 5.456% |
Term 5 Yr Reinvestment Rate | Current Rate (%) 5.332% |
Term Reinvestment rates are utilized for the purposes of calculating Interest Rate Differential (IRD). They are subject to change without notice as they change often. | |
Term Bank of Canada Benchmark Rate | Current Rate (%) 5.25% |
Term Prime Rate ( P ) | Current Rate (%) 7.20% |
LTV = Loan-to-Value(Loan Amount / Purchase Price)
60-day rates cited above are promotional rates that are applicable ONLY for new business. They are not applicable for existing clients for renewals, ARM conversions, etc. Existing clients please call Marathon directly to learn more about rates applicable to your individual needs and circumstances. Phone: 416-603-6060
For 90 Day Rate Hold, a mininium of 0.05 % may be be applied to Fixed Rates only
For 120 Day Rate Hold, a minimum of 0.10 % may be applied to Fixed Rates only
For Switches or any other information about our rates please contact us at info@marathonmortgage.ca
Rates may vary provincially and are subject to change without notice OAC
A one-time float down is generally permitted for promotional rates. It must be requested by no later than 10 business days of the closing date (14 calendar days). In rare cases float downs may not be permitted. For certainty, please contact Marathon.
A Rate premium may apply for Amortizations below 210 months (17.5YRS). Please contact your RVP for further information