MCAP 2-year fixed mortgage rate.
Today’s best 2-year fixed in our network is 4.14%. We access MCAP’s broker-channel pricing — typically 15-30 bps below posted — and compare it across 50+ lenders.
MCAP’s best 2-year fixed rate today is approximately 4.14% through the broker channel — about $2,988/month on a $700,000 home with 20% down over 25 years. A 2-year fixed is a short fixed bridge for borrowers who want certainty now and a re-shop very soon. The branch rate is rarely MCAP’s best — the broker channel typically runs 15-30 bps lower.
The 2-year fixed with MCAP
Who it suits. Borrowers who expect materially lower rates within two years and want a locked payment in the meantime, or those bridging a short, defined period — a planned sale, a pending income change, or a property they won't hold long.
What drives the rate. Priced off the 2-year Government of Canada bond, the 2-year fixed is highly sensitive to the near-term rate outlook. In a falling-rate market it can undercut longer fixed terms; in a flat market it usually prices above them because lenders prefer to lock you in longer.
Breaking it early. The greater of three months' interest or IRD, but with so little term length the IRD is rarely large — and three months' interest is often the binding (and modest) figure.
How MCAP prices the broker channel
Canada's largest non-bank mortgage funder. Typically prices 10-25 bps below the Big-6 on insured purchases. The MCAP Eclipse program is one of the few alt-A monoline programs at competitive rates. Broker-channel only.
MCAP runs two 2-year fixed rate sheets: the posted/branch rate and a wholesale broker-channel rate a licensed brokerage accesses, usually 15-30 bps lower because the broker handles origination. You can’t reach it by walking into a branch. On a $700,000 mortgage, 20 bps is roughly $1,400 a year.
- Aggressive insured pricing
- Fair-IRD penalty calculation
- MCAP Eclipse alt-A program
- BFS-friendly full-doc files
A worked example
On a $700,000 home with 20% down, the mortgage is $560,000. At MCAP’s best 2-year fixed rate of 4.14% over a 25-year amortization, the payment is about $2,988/month. Walk into a branch at the posted rate (~15-30 bps higher) and you’d pay $50-100 more a month for the identical mortgage — which is exactly what the broker channel saves. Model your numbers in the MCAP calculator.
Whatever your situation with MCAP
We submit to MCAP's broker desk and 50+ other lenders on one application — whichever prices your file lowest wins.
First-time buyers
5% down with FHSA + RRSP HBP optimization — MCAP or whichever lender prices you lowest.
Refinancing
Unlock equity for renovations, debt consolidation or investing.
Renewing
Don't auto-renew with MCAP — most clients beat the first offer by 30-60 bps.
Self-employed
Business-for-self files priced right across A-lender, alt-A and private.
Bruised credit
B-lender and private paths now, with a mapped exit back to A-pricing.
Breaking a MCAP mortgage
Estimate the MCAP posted-rate IRD penalty before you switch.
6 reasons to get MCAP's 2-year fixed through a broker
Why the branch rate is rarely MCAP's best 2-year fixed — and how the broker channel changes the math.
Access the broker channel
MCAP's broker-channel 2-year fixed rate is typically 15-30 bps below the branch rate — and you can only reach it through a licensed brokerage like ours.
MCAP and 50+ others compete
We submit your file to MCAP's broker desk and the rest of the network on one application, so you get MCAP's best and the market's best side by side.
No bureau pull to start
We can shop your MCAP 2-year fixed rate without a hard credit check, so comparing costs you nothing.
We handle the paperwork
From application to MCAP's underwriting to funding, we manage the file end-to-end.
Switch or renew without overpaying
At maturity we benchmark MCAP's renewal/switch offer against the whole market so you never auto-renew high.
Best-rate guarantee
We'll beat any comparable Big-6 2-year fixed offer or pay you $500 — and our advice is free, paid by the funding lender.
Why shop MCAP through us
- Direct access to MCAP's broker desk — plus 50+ other lenders on one application.
- Broker-channel pricing 15-30 bps below MCAP's posted rate.
- One application, every lender — MCAP's best and the market's best, then you choose.
- FSRA-licensed advice, no bureau pull to start, best-rate guarantee or $500.