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.
TERM | POSTED | OUR RATES* |
6 Month | 6.40% | 6.40% |
1 Year | 6.95% | 4.90% |
2 Year | 7.00% | 5.14% |
3 Year | 7.00% | 5.05% |
4 Year | 6.85% | 5.44% |
5 Year | 6.99% | 5.34% |
7 Year | 7.40% | 6.00% |
10 Year | 7.75% | 6.25% |
Variable Rate | 4.15% | |
Prime Rate | 4.75% |
* Rates may vary provincially and are subject to change without notice.
Rates Last Updated: Thursday, April 24, 2008
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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
( BUS 905-828-3434
›mark@mississauga4sale.com
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