Toronto Mortgage Interest Rates as of Monday November the 16th.
1 year fixed – 2.75%
3 year fixed – 3.59%
5 year fixed – 4.19%
3 year variable – Prime-.10% (2.15% effective rate)
5 year variable – Prime-.10% (2.15% effective rate)
RATE SPECIALS
5 year fixed – 4.05% (closings before Dec 31st 2009)
5 year fixed – 3.99% (Credit union membership required)
3 year variable Prime-.25% (2.00% effective rate closing in 30 days)
DISCLAIMER: All rates are subject to change at any time without notice.
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November 27th, 2009 - 3:57 pm
[...] B in Unionville writes- “Dear SOB, in your ‘Monday Market Minute’ posted on November 16th you add your opinion that the 3 year variable is the way to go. Why? [...]