On friday october 02 2020 according to bankrate s latest survey of the nation s largest mortgage lenders the average 20 year fixed refinance rate is 3 130 with an apr of 3 330.
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On monday october 05 2020 according to bankrate s latest survey of the nation s largest mortgage lenders the benchmark 30 year fixed mortgage rate is 3 050.
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A 20 year fixed rate mortgage is a 20 year amortization where your loan is repaid fully over that period.
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This comes after a number of years of federal government scrutiny over the cmhc with previous finance minister jim flaherty musing publicly as far back as 2012 about privatizing the crown firm.
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