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Residential Mortgage Rates – Rate Bulletin

TERM

RATE*

25 YR AM**

30 YR AM**

35 YR AM**

 

12 month convertible

2.65%

4.55

4.02

3.65

 

1 year open

6.55%

6.73

6.30

6.02

 

1 year closed

2.34%

4.41

3.87

3.49

 

2 years closed

2.80%

4.63

4.10

3.73

 

3 years closed

3.54%

5.01

4.50

4.14

 

4 years closed

4.00%

5.26

4.75

4.40

 

5 years closed

3.99%*

5.26

4.75

4.40

 

7 years closed

5.25%

5.95

5.49

5.18

 

10 years closed

5.35%

6.02

5.55

5.23

 

Prime rate

2.25%

 

 

 

 

Zero down – 5% Cash Back Option 

5.84%

 

 

 

 

6.31

 

 

 

 

5.85

 

 

 

 

5.55

 

 

 

 

 

 

 

 

 

*Rates are discounted by at least 1% and are subject to change without notice. Clients must meet discretionary pricing requirements. **Payment Factors: Multiply mortgage amount (per thousand) by “x” YR AM to calculate monthly mortgage payment. 

 i.e. – $200,000 mortgage at 5 year  fixed w/35 yr amortization; calculation as follows; 200 multiplied by 4.40 = $880/month. 

VARIABLE RATE MORTGAGE: @  PRIME Minus .25 = 2.00%

Convert at any time to low fixed rates 

* Special 5 yr Fixed as low as 3.89%*

 

 

Shant Kaltakjian |  Mortgage Professional

 

www.MortgageBrokers.com/Shant