Merix Financial 3-year fixed mortgage rate.
Today’s best 3-year fixed in our network is 3.84%. We access Merix Financial’s broker-channel pricing — typically 15-30 bps below posted — and compare it across 50+ lenders.
Merix Financial’s best 3-year fixed rate today is approximately 3.84% through the broker channel — about $2,897/month on a $700,000 home with 20% down over 25 years. A 3-year fixed is the hedge term — certainty without locking in a five-year rate at the top of the cycle. The branch rate is rarely Merix Financial’s best — the broker channel typically runs 15-30 bps lower.
The 3-year fixed with Merix Financial
Who it suits. Borrowers who want fixed-rate certainty but don't want to commit to five years when they expect rates to be lower at renewal. It's a popular middle path for renewers in a falling-rate environment and for anyone whose plans (a move, a growing family, a career change) sit roughly three years out.
What drives the rate. The 3-year fixed follows the 3-year Government of Canada bond. When markets price in rate cuts, the 3-year often sits below the 5-year fixed — letting you lock a payment now and re-shop sooner, closer to the bottom of the cycle.
Breaking it early. Like all fixed terms it uses the greater of three months' interest or IRD, but because the term is shorter the IRD window shrinks faster, so the penalty tends to be smaller than a 5-year fixed's by the back half of the term.
How Merix Financial prices the broker channel
Broker-channel monoline known for transparent rate sheets and 30-year amortization availability on uninsured purchases. Strong on first-time-buyer files and clean A-lender renewals.
Merix Financial runs two 3-year fixed rate sheets: the posted/branch rate and a wholesale broker-channel rate a licensed brokerage accesses, usually 15-30 bps lower because the broker handles origination. You can’t reach it by walking into a branch. On a $700,000 mortgage, 20 bps is roughly $1,400 a year.
- 30-yr amort on uninsured
- Transparent rate sheets
- Insured FTB pricing
- Fair-IRD
A worked example
On a $700,000 home with 20% down, the mortgage is $560,000. At Merix Financial’s best 3-year fixed rate of 3.84% over a 25-year amortization, the payment is about $2,897/month. Walk into a branch at the posted rate (~15-30 bps higher) and you’d pay $50-100 more a month for the identical mortgage — which is exactly what the broker channel saves. Model your numbers in the Merix Financial calculator.
Whatever your situation with Merix Financial
We submit to Merix Financial's broker desk and 50+ other lenders on one application — whichever prices your file lowest wins.
First-time buyers
5% down with FHSA + RRSP HBP optimization — Merix Financial or whichever lender prices you lowest.
Refinancing
Unlock equity for renovations, debt consolidation or investing.
Renewing
Don't auto-renew with Merix Financial — most clients beat the first offer by 30-60 bps.
Self-employed
Business-for-self files priced right across A-lender, alt-A and private.
Bruised credit
B-lender and private paths now, with a mapped exit back to A-pricing.
Breaking a Merix mortgage
Estimate the Merix Financial posted-rate IRD penalty before you switch.
6 reasons to get Merix Financial's 3-year fixed through a broker
Why the branch rate is rarely Merix Financial's best 3-year fixed — and how the broker channel changes the math.
Access the broker channel
Merix Financial's broker-channel 3-year fixed rate is typically 15-30 bps below the branch rate — and you can only reach it through a licensed brokerage like ours.
Merix Financial and 50+ others compete
We submit your file to Merix Financial's broker desk and the rest of the network on one application, so you get Merix Financial's best and the market's best side by side.
No bureau pull to start
We can shop your Merix 3-year fixed rate without a hard credit check, so comparing costs you nothing.
We handle the paperwork
From application to Merix Financial's underwriting to funding, we manage the file end-to-end.
Switch or renew without overpaying
At maturity we benchmark Merix Financial's renewal/switch offer against the whole market so you never auto-renew high.
Best-rate guarantee
We'll beat any comparable Big-6 3-year fixed offer or pay you $500 — and our advice is free, paid by the funding lender.
Why shop Merix Financial through us
- Direct access to Merix Financial's broker desk — plus 50+ other lenders on one application.
- Broker-channel pricing 15-30 bps below Merix Financial's posted rate.
- One application, every lender — Merix Financial's best and the market's best, then you choose.
- FSRA-licensed advice, no bureau pull to start, best-rate guarantee or $500.