The Bank of Canada is scheduled to review bank prime on April 20th 2010
Mortgage Rates
Note: You will notice the best overall value is usually the 5 year closed rate, because banking institutions use that term for their comparisons, therefore banks are more competitive with it.
(Rates are subject to change without notice, at any time)
Rates are also based on qualification. ie. credit and time restrictions
|
Term
|
Mortgage rates you get at YOUR bank
|
Our Best Rate
|
| 6 month convertible |
4.60%
|
4.60%
|
| 1 year |
3.75%
|
2.65%
|
| 2 year |
3.85%
|
2.95%
|
| 3 year |
4.35%
|
3.50%
|
| 4 year |
4.94%
|
3.69%
|
| 5 year |
5.49%
|
3.69%*
|
| 6 year |
6.10%
|
4.85%
|
| 7 year |
6.60%
|
4.95%
|
| 10 year |
6.75%
|
5.20%
|
| 1 year open |
6.55% |
6.55%
|
| BOC Bank Prime 2.25% |
2.25% |
1.95% (Variable)
|
* means a quick close special (funding within 30 days)
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Mike Toporowsky AMP
Real Mortgage Solutions
Email:
|
