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


Mark


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


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