MortgageCompass Editorial Team 
Rates as of October 2026 · Updated monthly and after each RBA decision · By the MortgageCompass Editorial Team · How we research Australian home loan rates are rising again. On 29 September 2026 the Reserve Bank raised the cash rate by 0.25 points to 4.60%, its fourth increase this year, and the major banks
Last reviewed: October 2026 · By the MortgageCompass Editorial Team · How we research Canada’s mortgage stress test checks whether you could still afford your payments if rates rose. Lenders must qualify you at the higher of 5.25% or your contract rate plus 2 percentage points, even though you will actually pay your contract rate.
Last reviewed: October 2026 · By the MortgageCompass Editorial Team · How we research In Canada, a five-year fixed mortgage locks your rate for the whole term, while a variable rate moves with your lender’s prime rate, which follows the Bank of Canada. Today the gap is wide: on October 15, 2026, nesto listed five-year
Last reviewed: October 2026 · By the MortgageCompass Editorial Team · How we research Remortgaging means replacing your current mortgage deal with a new one, usually when a fixed or tracker rate ends. If you do nothing, most lenders move you onto their standard variable rate (SVR), which averaged about 7.13% in September 2026 according
Last reviewed: October 2026 · By the MortgageCompass Editorial Team · How we research A fixed-rate mortgage locks your rate, usually for two or five years, so your payment cannot change. A tracker follows the Bank of England’s Bank Rate plus a set margin, so your payment moves every time Bank Rate does. In mid-October
Last reviewed: October 2026 · By the MortgageCompass Editorial Team · How we research The best mortgage lender in the UK depends less on the brand and more on your situation. A borrower with a salary, clean credit and a 25% deposit can get competitive offers from almost any high street bank or building society.