Sunday, October 07, 2007

Bank holiday - Mortgage Interest rate updates and Happy Thanksgiving

Monday was a bank holiday. With the sound of air conditioners buzzing it's hard to believe it's Thanksgiving!
  • Interest rates have remained stable; however, most lenders have changed their pricing on Variable Rate Mortgages. Currently, Prime less .90% is available through only 1 lender. Others have decreased the discount to Prime less .50% and even Prime less .25%.
  • Question: Do I need a rate hold if I plan on a variable rate mortgage?
  • Answer: Yes! The rate hold will insure you get the lender's current discount - if the lender decides to change the pricing, within your rate hold period, your pricing discount remains in effect.

Mortgage Interest RATE UPDATE
October 5th, 2007

Prime Rate.6.25%
Variable Rate.Prime less .90%
1 year closed.5.60%
3 year closed.5.70%
5 year closed.5.60%*
7 year closed.5.78%*
10 year closed...5.85%*
25 year closed...6.70%

* for mortgage of $500,000 or greater; slightly higher rates for lower mortgage amounts
Information subject to change without prior notice. APR.E.&O.E.

If you have hosting duties this weekend, or need to bring along a dessert - this recipe is an alternative to the traditional pumpkin pie.

I hope you have a wonderful weekend!

PUMPKIN SQUARES

Easy to make, all the flavour of pumpkin pie without the work.

2 cups (500 ml) flour
1/2 cup (125 ml) icing sugar
1 cup (250 ml) unsalted butter, cubed
1 tsp (5 ml) salt
3 eggs, beaten
2 cups (500 ml) canned pureed pumpkin
3/4 cup (175 ml) packed brown sugar
1/3 cup (75 ml) corn syrup
1/2 cup (125 ml) whipping cream
2 tsp (10 ml) lemon juice
1 tsp (5 ml) vanilla extract
1 tsp (5 ml) cinnamon
1/2 tsp (2 ml) allspice or nutmeg
1/2 tsp (2 ml) ground ginger
1/4 tsp (1 ml) salt

  • Preheat oven to 350F
  • Line 9 x 13" baking pan with parchment paper
  • Mix flour & icing sugar together with butter & salt in food processor or by hand until mixture just comes together (do not let it form into a ball). Pat into lined baking pan & bake for 15 minutes or until golden at edges.
  • In food processor or blender, combine eggs, pumpkin, sugar, corn syrup, whipping cream, lemon juice, vanilla, cinnamon, allspice, ginger and salt. Process until well combined. Scrape sides & process again.
  • Pour over base & bake for 35 to 45 minutes, or until centre springs back when touched. Cool squares.

Topping

Drizzle over squares for a great look or skip this steps & serve plain

2 tbsp (25 ml) butter
2 tbsp (25 ml) cream cheese
1/2 cup (125 ml) icing sugar
1/4 cup (50 ml) milk (or less)

  • Combine butter & cream cheese with hand beater until soft and fluffy. Beat in icing sugar & milk. Use icing bag to drizzle over squares. Chill then cut into 24 squares.

Recipe from Food & Drink, Autumn 2003

Hapy Thanksgiving from Mark!

Search the MLS or read more about Interest Rates, Power of Sale Properties, Price Trends and more at my website. Homes for Sale

Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.

Providing Full-Time Professional Real Estate Services since 1987

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