Summary:

Reporting Rates is a community-driven feature that allows you to share the actual mortgage rate you were offered by a lender.
By crowd-sourcing real rate data, everyone benefits from a more accurate and transparent picture of what banks are actually offering beyond their posted rates.

Note: You must be signed in to report a rate.

Why Report Your Rate?

Banks publish posted rates, but the rate you're actually offered is often lower due to negotiation, promotions, or broker discounts.
Reported rates help the community:

See what discounts other borrowers are receiving.
Negotiate better by knowing what others have been offered.
Track how actual rates trend compared to posted rates over time.

How to Report a Rate:

Navigate to the Bank Mortgages page.
Find the mortgage product you want to report on.
Click the More Actions menu (?) next to the mortgage.
Select Report Rate.
Enter the interest rate you were offered and the amortization period.
Click Submit to share your rate anonymously.

What Information Is Collected?

Field	Description
Interest Rate	The actual rate the lender offered you (pre-filled with the posted rate for convenience).
Amortization	The amortization period in years associated with the rate you received.

How Reported Rates Are Used:

Reported rates are combined with posted rates to calculate an average rate for each mortgage product.
The average rate is displayed in the main mortgage rates grid, giving a blended view of posted and real-world rates.
A direction arrow (? or ?) appears when the average rate has recently shifted.

Privacy:

All reported rates are anonymous. No personal information is shared with other users.
Only the rate value, amortization, and submission date are recorded.

Tips:

Report your rate even if it matches the posted rate — it confirms the posted rate is accurate.
If you receive quotes from multiple lenders, report each one to help the community.
Check back regularly to see how your reported rate compares to the current average.
Use the rate data to strengthen your negotiation position with lenders.

Additional Information:

See the Bank Mortgage Rates help article for details on how rates are displayed and interpreted.
See the Bank Mortgages Comparison help article for an overview of the comparison page.