Friday, October 10, 2008

Update on Mortgage Interest Rates

The table below will show you current rates after the .5% reduction yesterday in the prime by the Bank of Canada

TERMPOSTED Obtainable RATES*
6 Month 6.2%6.2%
1 Year6.35%4.7%
2 Year6.7%5.29%
3 Year7.05%5.35%
4 Year7.04%5.49%
5 Year7.2%5.54%
7 Year7.65%6.05%
10 Year8%6.15%
Variable Rate4.5%
Prime Rate4.5%














* Best obtainable Rates Last Updated: Thursday, October 09, 2008

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Mark

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


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