First National Mortgage Rates

Updated September 21st, 2020

WOWA Commission-Sharing Advantage

Get a lower rate while working with First National.

Advertised Rate

1.94%

5-Year Fixed

Advantage Rate

1.89%

5-Year Fixed

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How We Get You A Better Rate

When we help you get a mortgage with one of our lenders, we get a small commission. We then share part of that commission with you by buying down or lowering your mortgage rate. We strongly believe in transparency and we want to help all Canadians get the most out of their real estate.

Popular First National Mortgage Rates

Type	Advertised Rate	WOWA Advantage
1-Year Fixed	1.84%	Get 1.79%
2-Year Fixed	1.84%	Get 1.79%
4-Year Fixed	1.84%	Get 1.79%
5-Year Fixed	1.94%	Get 1.89%

First National Fixed-Rate Mortgages

First National Fixed Rate Mortgages reduce the risk of future interest rate fluctuations by “locking in” a specific interest rate for the term. This can create peace of mind for homeowners, which makes it a fundamentally appealing program for home buyers. If you are arranging a new mortgage for a future or current home, your fixed interest rate can be guaranteed up to 120 days before the closing date of your home. If interest rates go up during that time, you will be guaranteed the lower rate.

Type	Advertised Rate	WOWA Advantage
1-Year Fixed	1.84%	Get 1.79%
2-Year Fixed	1.84%	Get 1.79%
3-Year Fixed	1.84%	Get 1.79%
4-Year Fixed	1.84%	Get 1.79%
5-Year Fixed	1.94%	Get 1.89%
7-Year Fixed	2.94%	Get 2.89%
10-Year Fixed	2.99%	Get 2.94%

First National Posted Rates

First National Posted Rates are the official rates used when calculating your mortgage break penalty, the fee you pay if you want to break or refinance your mortgage early. Your mortgage payment, interest, and stress test will be based on a different rate which is usually lower than the posted rate.

Term Length	FN Posted Rate
1-Year Fixed	1.84%
2-Year Fixed	1.84%
3-Year Fixed	1.84%
4-Year Fixed	1.84%
5-Year Fixed	1.94%
7-Year Fixed	2.94%
10-Year Fixed	2.99%

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While we try our best to get your the best rates, we cannot guarantee that they are always accurate. WOWA assumes no liability for the accuracy of the information presented, and will not be held responsible for any damages resulting from its use.