Mortgage rate questions
Where do the rates come from?
From comments on the public mortgage rate mega thread, linked on each row, plus the Bank of Canada decision for the policy rate.
Why is a rate from last week still on the board?
Because that is when it was posted. The label says how long ago. The four-hour job adds newer comments when the thread can be read. It does not rewrite old timestamps.
Will my variable payment rise by the full 25 points?
Only if your lender raises prime by 25 points and your discount stays the same. Adjustable-payment variables change the payment. Fixed-payment variables can change the amortization instead. Read your own contract.
Do you show bank posted rates as if they were deals?
No. Posted rack rates and discounted specials are different products. This board shows what people say they were offered, with the wording they used.