Compare bank mortgage rates and observe how they stack up against the best mortgage rates in the market. Whether you are using a bank or a broker, a variable or fixed mortgage rate, or any other term, Headless sources the best mortgage rates for every category and type of lender. Headless is also a neutral source, neither a lender nor a broker, so we are able to provide you with the best advice.
Posted rates vs. best rates
Where does it come to? The posted rate is simply that the bank is advertising publicly. However, banks often have the capacity to offer lower rates, which you can access or reach out to a representative mortgage broker. Some banks offer a higher rate of return than is obtainable.
Bank rates vs. broker rates
As you may have noticed, these are the mortgage broker. They are because they are mortgage brokers, and they are essentially “shop around” for you. Brokers also receive discounts from their business based on the high volume of their business, which they then pass along to you. As a result, it is highly unlikely that a mortgage broker will be a mortgage broker. However, if you are in the market, they can offer to match it. Still, we do not recommend the banks and brokers for your business.
Comparing bank mortgage rates
You may notice that there is also a lot of difference between the banks and the banks. So, for example, a mortgage rate of 0.5% lower than the BMO mortgage rate in the same category. This discrepancy is often standard pricing strategy based on market share, competition, and marketing policy.