Mortgage Interest Rates September 2024 Canada. Federal reserve cuts rates by 50 basis points. Canadians work hard to be able to afford a home.

Compare the best mortgage rates in canada from mortgage brokers, banks and credit unions. The fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years.