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
Read more about:
- Interest Rates
- Power of Sale Properties
- Price Trends
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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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