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 Rates can be changed or withdrawn at any time.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.