Tuesday, September 04, 2007

Mortgage Interest Rate Update

I hope you Enjoyed the long weekend - it's hard to believe it's September already!

Mortgage interest rates have remained stable the last few weeks and it's likely the Bank of Canada will not announce an increase in the prime lending rate next week.

HLC RATE UPDATE as of August 31st, 2007

Prime Rate.6.25%
Variable Rate.Prime less .95%*
1 year closed.5.60%
3 year closed.5.70%
5 year closed.5.65%*
7 year closed.5.78%*
10 year closed...5.85%*
25 year closed...6.58%

* for mortgage of $500,000 or greater; slightly higher rates for lower mortgage amounts
Information subject to change without prior notice. APR.E.&O.E.

Best Mortgage Interest Rates


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

Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS Newsletter
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987

BUS 905-828-3434
FAX 905-828-2829 ÈCELL 416-520-1577
E-MAIL : mark@mississauga4sale.com
Website : Mississauga4Sale.com

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