Friday, October 10, 2008

Update on Mortgage Interest Rates

The table below will show you current rates after the .5% reduction yesterday in the prime by the Bank of Canada

6 Month 6.2%6.2%
1 Year6.35%4.7%
2 Year6.7%5.29%
3 Year7.05%5.35%
4 Year7.04%5.49%
5 Year7.2%5.54%
7 Year7.65%6.05%
10 Year8%6.15%
Variable Rate4.5%
Prime Rate4.5%

* Best obtainable Rates Last Updated: Thursday, October 09, 2008

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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
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