Friday, April 25, 2008

Current Ontario Canada Mortage Interest Rates

The table below shows current posted and possible mortgage interest rates in Ontario. You will note that most lenders are offering .5% off the Bank Prime Rate for Variable Rate mortgages.
The rate drop game continues. Although the prime rate has dropped about 1.5% over the past 6 to 8 months, the 1-10 year mortgage rates have barely budged, maybe about .3% The best rates are the variable these days.

TERMPOSTED OUR RATES*
6 Month 6.40%6.40%
1 Year6.95%4.90%
2 Year7.00%5.14%
3 Year7.00%5.05%
4 Year6.85%5.44%
5 Year6.99%5.34%
7 Year7.40%6.00%
10 Year7.75%6.25%
Variable Rate4.15%
Prime Rate4.75%










* Rates may vary provincially and are subject to change without notice.
Rates Last Updated: Thursday, April 24, 2008

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Mark

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


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