May 31, 2010
Monday Mortgage Minute – May 31st
Toronto mortgage interest rates haven’t changed over the past 7 days. However tomorrow morning after the Bank of Canada makes their decision regarding the prime rate we could see some interesting movement in the fixed rate mortgage market. Stay tuned for more.
Chris Molder – Son Of A Broker
2.85% – 1 Year Fixed
3.85% – 3 Year Fixed
4.35% – 5 Year Fixed
3.10% – Merix 50/50 Mortgage (Fixed/Variable hybrid)
P-.50 3 Year Variable
P-.50 5 Year Variable
NOTE: Rates are subject to change without warning at the lender’s discretion.
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Nice post. Any updates as of today?
So far nothing. The lenders have kept quiet all day… I suspect their back offices are buzzing with activity as analyst and credit managers try and figure out which way to send fixed rates.