Tuesday, May 13, 2008

Mortgage Interest Rate Snapshot Mississauga and GTA

Below is a table showing the current posted mortgage interest rates in the GTA plus "Best Rates" offered by some lenders. Rates are excellent again, not at historic lows, but close, see graph of historic mortgage interest rates

TermPosted
Rates
Best
Rates*
6 Month7.00%4.99%
1 Year6.95%4.74%
2 Year7.00%4.79%
3 Year7.00%4.89%
4 Year6.85%5.14%
5 Year7.00%5.15%
7 Year7.35%5.29%
10 Year7.75%5.79%
Variable Rate4.15%
Prime Rate4.75%

Rates are subject to change, some conditions & restrictions may apply.

Enjoy,
Mark

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