Friday, May 23, 2008

Mortgage interest rate update

Fixed rates have dropped slightly, RBC started the trend on Wednesday and others are following.
Below are the latest posted and discounted mortgage interest rates in the GTA
POSTED OUR RATES*
6 Month 6.20%6.20%
1 Year6.15%4.85%
2 Year6.15%4.90%
3 Year6.15%4.99%
4 Year6.59%5.25%
5 Year6.65%4.99%
7 Year7.40%5.80%
10 Year7.75%5.90%
Variable Rate4.00%
Prime Rate4.75%
* Rates may vary provincially and are subject to change without notice.
Rates Last Updated: Thursday, May 22, 2008

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Mark

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


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RE/MAX Realty Specialists Inc.

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( BUS 905-828-3434
mark@mississauga4sale.com
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