For your information Mortgage Interest rates on Partially Amortized, Blended Constant Payment mortgage, either fixed or variable rate, typically follow this hierarchy:
Highest Rate
1 Year Open Mortgage
6 Month Open Mortgage
10 Year Closed Mortgage
7 Year Closed Mortgage
6 Year Closed Mortgage
5 Year Closed Mortgage
4 Year Closed Mortgage
3 Year Closed Mortgage
2 Year Closed Mortgage
1 Year Closed Mortgage
Variable Rate Mortgage – Constant Payment
Variable Rate Mortgage – Variable Payment
Lowest Rate
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