u/Haunting-Buy3685

I recently went to get a fixed rate mortgage from RBC. Currently on variable at 3.55%. I had heard a couple people on this sub say they had got around 3.65% fixed at RBC so thought it may be time to lock it in.

When I went to RBC and asked what they could offer in the ballpark of 3.65% they told me that switching from variable to fixed doesn’t get me the same rates as someone renewing or starting a new mortgage. So not the ones advertised essentially. This information was definitely left out when I renewed on a variable mortgage. They offered me 4.2% and I decided to hold off on switching but how am I to know now when I should be locking in if the rates I’m seeing aren’t what I’m eligible for? Can anyone speak to this process? I kind of feel duped. I’m still benefitting from two cuts since renewing, initially at 4.05% but now I feel I’m riding out variable for the next 4 years.