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

	POSTED	OUR RATES*
6 Month	6.20%	6.20%
1 Year	6.15%	4.85%
2 Year	6.15%	4.90%
3 Year	6.15%	4.99%
4 Year	6.59%	5.25%
5 Year	6.65%	4.99%
7 Year	7.40%	5.80%
10 Year	7.75%	5.90%
Variable Rate		4.00%
Prime Rate		4.75%

* Rates may vary provincially and are subject to change without notice.
Rates Last Updated: Thursday, May 22, 2008

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• Interest Rates
• Power of Sale Properties
• Price Trends
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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
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