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

TERM	POSTED	Obtainable RATES*
6 Month	6.2%	6.2%
1 Year	6.35%	4.7%
2 Year	6.7%	5.29%
3 Year	7.05%	5.35%
4 Year	7.04%	5.49%
5 Year	7.2%	5.54%
7 Year	7.65%	6.05%
10 Year	8%	6.15%
Variable Rate		4.5%
Prime Rate		4.5%

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

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