Thursday, January 08, 2009

Toronto and GTA Mortgage Interest Rates 2009

the table below shows the current mortgage rates in the GTA. Most lenders have reduced their rates after the recent Bank of Canada prime rate drop


You can see the rates below are slightly lower than the rates that I posted here on my blog a week ago, this is good news for those that are thinking of buying or refinancing their mortgage in the next while.

Enjoy!
Mark

TERM

POSTED

Best Obtainable RATES*

6 Month

5.90%

5.89%

1 Year

5.60%

4.00%

2 Year

6.25%

4.94%

3 Year

6.25%

4.84%

4 Year

6.09%

4.79%

5 Year

6.75%

4.72%

7 Year

7.20%

5.80%

10 Year

7.55%

5.95%

Variable Rate

4.10%

Prime Rate

3.50%

* Rates may vary and are subject to change without notice.
Rates Last Updated: Friday, December 26, 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
8 Website : Mississauga4Sale.com

Homes for Sale

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