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How a 2% interest rate could impact mortgage ratesCurrent mortgage rates from Canada's Big Six banks ; National Bank of Canada. %, % ; RBC. %, % ; Scotiabank. %, % ; TD Bank. %, %. Canada's average 5-year fixed insurable mortgage rate is %, while nesto's lowest rate is %. Compare accurate and up-to-date fixed and variable mortgage rates from CIBC and find the best mortgage option for you.