Friday, May 23, 2008

Mortgage interest rate update

Fixed rates have dropped slightly, RBC started the trend on Wednesday and others are following.
Below are the latest posted and discounted mortgage interest rates in the GTA
6 Month 6.20%6.20%
1 Year6.15%4.85%
2 Year6.15%4.90%
3 Year6.15%4.99%
4 Year6.59%5.25%
5 Year6.65%4.99%
7 Year7.40%5.80%
10 Year7.75%5.90%
Variable Rate4.00%
Prime Rate4.75%
* Rates may vary provincially and are subject to change without notice.
Rates Last Updated: Thursday, May 22, 2008

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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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