Friday, April 10, 2009

Mortgage Interest Rate Update in Mississauga and GTA

This table shows the latest mortgage interest rates in the GTA and area. Note that the longer term rates have come down about .2% or so over the past month. This is good news for those that wish to lock in now for the long term.

Rates can't go too much lower as the prime rate is 0.5% and the bank prime rate is 2.5%

All the best

6 Month 4.9%4.45%
1 Year4.2%3.2%
2 Year4.7%3.69%
3 Year4.9%3.64%
4 Year5.14%3.94%
5 Year5.45%3.82%
7 Year6.7%4.95%
10 Year6.7%5.25%
Variable Rate3.25%
Prime Rate2.5%

* Rates may vary and are subject to change without notice.
Rates Last Updated: Thursday, April 09, 2009

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