A west-end Toronto home for sale. Photo by Graeme Roy/The Canadian Press files

Someone finally found the “discount” button for uninsured mortgage rates this week.

Among national lenders, we saw the leading:

Two-year fixed drop 30 basis points to 4.14 per cent

Three-year fixed drop five basis points to 3.94 per cent

Four-year fixed drop 15 basis points to 4.04 per cent

Five-year fixed drop five basis points to 4.09 per cent

Five-year variable drop 15 basis points to 3.99 per cent

One basis point (bps) is one-hundredth of a percentage point.

All of the above are nationally-advertised rates courtesy of Citadel Mortgage.

As for default-insured borrowers, they had just one rate change of note: the five-year variable dipped to 3.85 per cent.

Regionally, it’s the usual patchwork of

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