Skip to main content

Effective July 13, 2023 MCAP Prime Rate is 7.20%.

When the MCAP Prime Rate changes, you will receive a letter indicating the new prime rate and its effective date. You can also see the impact to your payments by logging on to MyMCAP and viewing your mortgage details.


Learn about the impact of a prime rate change.

Prime Rate History





































Date of ChangeMCAP Prime Rate
July 13, 2023 7.20
June 8, 2023 6.95
January 26, 2023 6.70
December 8, 20226.45
October 27, 20225.95
September 8, 20225.45
July 14, 20224.70
June 2, 20223.70
April 14, 20223.20
March 3, 20222.70
April 2, 20202.45
April 1, 20202.95
March 6, 20203.45
October 25, 20183.95
July 12, 20183.70
January 18, 20183.45
September 7, 20173.20
July 13, 20172.95
July 17, 20152.70
January 29, 20152.85
September 9, 20103.00
July 21, 20102.75
June 2, 20102.50
April 22, 20092.25
March 4, 20092.50
January 21, 20093.00
December 10, 20083.50
October 23, 20084.00
October 9, 20084.50
April 24, 20084.75
March 5, 20085.25
January 23, 20085.75
December 5, 20076.00
July 11, 20076.25

If you have any questions or want to learn more about an MCAP mortgage, use our Find a Broker tool to find a mortgage broker near you.