Wednesday, December 12, 2007

Current Mortgage Interest Rates for Canada

Current Mortgage Interest Rates for Canada

Below are spot rates from First Line Mortgages

***Prime rate is currently 6.00%

***First Line Mortgages is offering a rate of 5.90% for a fixed term with a special renewal date of Nov.2012 in order to coincide the American Presidential election.

Historically, Canada's fixed rates drop around the election time and this affords clients the possibility of renewing at a time when rates will be low.

5 Year
Variable
5. 40 %
(. 60 % below prime for the entire term)
5 Year Fully Open
Variable
. 75 % below prime
3 Year Closed 5. 70%
5 year Closed 5. 83 %
7 Year Closed 5. 88 %
10 Year Closed 5. 95 %





















Example purchase at $450,000
Purchase price $450000 $450000 $450000 $450000
Down payment $22500 $45000 $67500 $112500
Payments per week $465.27 $440.78 $416.29 $367.32
Household income required $83400 $79500 $75500 $67500



See current Mortgage Interest nterest Rates,



Search the MLS or read more about Interest Rates, Power of Sale Properties, Price Trends and more at my website. Homes for Sale

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





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