First National Mortgage Rates

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.

Term	Rate	Monthly Payment
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1-Year Fixed	1.69%	$1,636
2-Year Fixed	1.69%	$1,636
3-Year Fixed	1.69%	$1,636
4-Year Fixed	1.69%	$1,636
5-Year Fixed	1.79%	$1,655
7-Year Fixed	2.74%	$1,843
10-Year Fixed	2.95%	$1,886

The rates shown are for insured mortgages with a downpayment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage.

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	1.69%
2-Year Fixed	1.69%
3-Year Fixed	1.69%
4-Year Fixed	1.69%
5-Year Fixed	1.79%
7-Year Fixed	2.74%
10-Year Fixed	2.95%

First National Mortgage Break Penalty

Bank or Lender	Variable Rate Mortgage	Fixed Rate Mortgage
	3 Months’ Interest	Greater of 3 Months’ Interest or the IRD amount