Friday, January 16, 2009

Current Mortgage Interest Rates

This table below shows you the current mortgage interest rates here in the GTA

The Bank of Canada is meeting at the end of this month and it's likely that they will drop the prime rate again, mostly likely by .25% Most feel this may be the final cut in the prime rate.

I hope this finds you happy and healthy,

6 Month 5.90%5.90%
1 Year5.60%4.00%
2 Year6.25%4.94%
3 Year6.25%4.75%
4 Year6.09%4.69%
5 Year6.75%4.79%
7 Year7.20%6.10%
10 Year7.55%6.25%
Variable Rate4.10%
Prime Rate3.50%
* Rates are subject to change without notice.
Rates Last Updated: Thursday, January 15, 2009

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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,


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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