Interest rates vary from county to country depending on the economic situation. If you are thinking about buying a home in Canada, The Unitied States or in France you’ll find mortgage interest rates differ in each country. You will also find home prices differ as well.

Right now you can get a mortgage rate of 2.20 percent for a 5 year variable closed loan in Canada amortized over a 25 year period. This would be for a home in Quebec City, Canada for a loan amount of $100,000.  In The United States you can get a 30 year fixed mortgage rate at 4.25 percent for refinance rates which is amortized over a 30 year period. This mortgage rate quote would be for a home in Portland, Maine, for a $100,000 home loan.

Also in Canada HSBC has a mortgage rate of 2.80 percent for the same loan type on a home in Quebec. HSBC also offers loans in the United States. The current mortgage rate from HSBC for a home loan in Portland in the amount of $100,000 is 5.00 percent.