Survey of Mortgage Purchase Rates
| 6 mnth | 1 YR | 2 YR | 3 YR | 4 YR | 5 YR | 7 YR | 10 YR | ||
| Bank Posted Rates - BNS | 4.65% | 4.35% | 3.95% | 4.50% | 5.19% | 5.59% | 6.60% | 6.95% | |
| Alternate A \ Xceed | 4.04% | 4.64% | |||||||
| Discounted purchase rates via Capital Direct's banks / institutional network | 4.65% | 2.35% | 3.15% | 3.55% | 4.00% | 4.09% | 5.50% | 5.90% | |
| Bank Prime Rate | 2.25% | ||||||||
| Variable rate at Prime + 0.20% | 2.45% | ||||||||
| All rates quoted above are semi-annual compounding. | |||||||||
| Bank Posted | |||||||||
| Alternate A \ Xceed | 0.04080 | 0.04693 | |||||||
| Discounted purchase rates via Capital Direct's banks / institutional network | 0.04704 | 0.02363 | 0.03174 | 0.03581 | 0.0404 | 0.04131 | 0.05575 | 0.05987 | |
| Bank Prime | 0.02262 | ||||||||
| Variable rate | 0.02465 | ||||||||
| Rates last updated: November 24, 2009 | |||||||||
- Amortizations may range from 5-25 years.
- Amortizations up to 35 years are available. Rate surcharges of approximately 0.20% may apply for every 5 years over 25 years depending on the lender.
- Alternate A may be amortized to 40 years in certain circumstances.
- High Ratio Mortgage insurance from CMHC or Genworth may be required by the funding instituition.
- Mortgagors may be required to pay legal, title and valuation services and insurance as determined by the financial institution.
- Any additional amounts for said required services will affect the effective equivalent rates upward.
- Stated rates are subject to conventional approval requirements, property types and lending areas.
- Rates fluctuate and may differ temporarily from institution's Prime until adjusted monthly to reflect the latest change in institution's Prime.
- Rates are subject to change without notice at any time.
- Rates are fixed unless otherwise stated as variable. Mortgages are locked in for the term stated.
- Mortgages may be subject to early repayment penalties or interest rate differentials.
- Applicable to new deals only. Rates can be changed or withdrawn at any time.
- Rate commitment period is available for up to 90 or 120 days from the date of application.
- This data is for information purposes only and should not be relied upon or considered a proposal for financing without verification by contacting Capital Direct or the indicated financial institution. Rates are subject to change without notice, are compounded semi-annually and not in advance. Lender and/or broker fees may apply.
- Cash-back mortgage details and conditions are available upon request.
Any questions please contact your local representative at 1-800-625-7747 or look under contact us.