Mortgage Logic

Interest Rates

Call us to discuss the latest mortgage rates 

Current National Rates

Bank of Canada Overnight Rate

0 %
As of: April 13, 2022

The overnight rate is the interest rate at which major financial institutions borrow and lend one-day (or “overnight”) funds among themselves; the Bank sets a target level for that rate. 

Prime Rate of Interest

0 %
As of: April 13, 2022

The prime interest rate, or prime lending rate, is largely determined by the federal funds rate, which is the overnight rate that banks use to lend to one another. Prime is the rate that banks lend to their very best business / commercial customers.