Mortage Rates
|
|
NATIONAL
MORTGAGE RATES |
| Term |
Posted
Rates* |
Best
Rates* |
| 6 Month |
6.85% |
5.79% |
| 1 Year |
7.15% |
6.29% |
| 2 Year |
7.35% |
6.25% |
| 3 Year |
7.35% |
6.24% |
| 4 Year |
7.35% |
6.34% |
| 5 Year |
7.34% |
6.28% |
| 7 Year |
7.65% |
6.20% |
| 10 Year |
8.00% |
6.64% |
| Variable Rate max |
7.25% |
| Prime Rate |
6.25% |
| * last updated: Nov 20, 2007 |
NOTES
* Interest rate compounded half-yearly, not in advance. Interest rates are subject to change without notice at any time.
† Interest rate is compounded monthly, not in advance. This rate may change at any time without notice. Banks of Canadas prime rate is an annual variable rate of interest announced by Banks of Canada from time to time as its prime rate.
‡ The annual percentage rate (APR) is based on a $100,000 mortgage for the applicable term assuming certain cost of borrowing charges (for example, appraisal fees). If there are no cost of borrowing charges, the APR and the interest rate will be the same.
For mortgages approved on or before November 20, 2007 funds must be advanced within 90 days of date of application in order to qualify for the Special Offer rate. Offer may be changed, withdrawn or extended at any time, without notice.
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