Mortgage Rates in Fredericton, NB — 2025

Compare current fixed and variable mortgage rates for Fredericton homebuyers and refinancers.

Fredericton Housing Market Overview 2025

Fredericton's real estate market has seen steady appreciation over the past few years. The average home price in Fredericton sits at approximately $295,000 in 2025, making it one of the more affordable provincial capitals in Canada. This relative affordability, combined with a stable government-sector employment base, has made Fredericton attractive to buyers priced out of Ontario and British Columbia.

Current Mortgage Rate Ranges (2025)

Rate Type	Term	Typical Range
Fixed	1 Year	5.29% – 5.99%
Fixed	2 Year	5.09% – 5.79%
Fixed	3 Year	4.89% – 5.59%
Fixed	5 Year	4.69% – 5.29%
Variable	5 Year	Prime – 0.5% to Prime + 0.5%
HELOC	Open	Prime + 0.5% – Prime + 1.0%

Rates are indicative and vary by lender, credit score, down payment, and property type. Always get multiple quotes.

Where to Get a Mortgage in Fredericton

Fredericton buyers have numerous options for mortgage financing. The major banks all have mortgage specialists in the city. Credit unions, particularly those affiliated with Atlantic Central, often offer preferred rates for members. Mortgage brokers in Fredericton can access rates from dozens of lenders simultaneously, often securing better rates than going directly to a bank.

Mortgage Costs on a $295,000 Fredericton Home

Down Payment	CMHC Insurance	Mortgage Amount	Monthly Payment (5yr, 5%)
5% ($14,750)	$11,163	$291,413	~$1,700/mo
10% ($29,500)	$7,722	$273,722	~$1,600/mo
20% ($59,000)	$0	$236,000	~$1,375/mo

NB First-Time Buyer Programs

New Brunswick offers a provincial land transfer tax rebate of up to $3,000 for first-time buyers. Combined with the federal First Home Savings Account (FHSA), which allows $8,000/year in tax-free contributions toward a first home purchase, Fredericton buyers have meaningful tools to reduce upfront costs.

Tips for Getting the Best Mortgage in Fredericton

• Use a mortgage broker — they compare dozens of lenders and typically cost you nothing
• Get pre-approved before house hunting in a competitive market
• Maintain a credit score above 680 for best rates; above 720 for top-tier offers
• Consider shorter amortization (20 years vs 25) to save tens of thousands in interest
• Ask about portability — useful if you plan to move within NB in 5 years