Latest GTA mortgage interest rates

This table below will show you the latest posted and achievable mortgage interest rates.

Next week the Bank of Canada will issue their latest on the prime rate and half the experts feel they will reduce the rate another .25% to .25% Only time will tell if this happens.

TERM	POSTED	Achievable RATES*
6 Month	4.90%	4.25%
1 Year	4.20%	3.20%
2 Year	4.70%	3.69%
3 Year	4.90%	3.64%
4 Year	5.14%	3.90%
5 Year	5.45%	3.82%
7 Year	6.70%	4.95%
10 Year	6.70%	5.25%
Variable Rate		3.25%
Prime Rate		2.50%

* Rates may vary and are subject to change without notice OAC.
Rates Last Updated: Thursday, April 16, 2009

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• Interest Rates
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• 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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