10 Year Fixed Mortgage Rates Today Get started. If the down payment is less than 20%, mortgage insurance may be required, which could increase the monthly payment and the apr. conforming rates are for loan amounts not exceeding $453,100 ($679,650 in Alaska and Hawaii). Adjustable-rate loans and rates are subject to change during the loan term.What is the current prime interest rate in Canada? – The current prime interest rate in Canada is 3.00%, which is pretty low compared to that of other countries.