February 22, 2010
Toronto Mortgage Interest Rate Minute February 22nd
Mortgage interest rates in Canada haven’t changed for the past two weeks. The bond yields have remained relatively stable and low which is good if you are in the mortgage market. Currently there is little pressure on rates so we should enjoy these current low interest rates for a while. Currently I can offer the following:
1 year fixed – 2.65%
3 year fixed – 3.50%
5 year fixed – 3.79%
3 year variable – Prime-.10% (2.15% effective rate)
5 year variable – Prime-.30% (1.95% effective rate)
RATE SPECIALS
5 year fixed – 3.69% (must close by March 26th 2010, purchase & refinance only)
3 year variable Prime-.30% (1.95% effective rate closing in 30 days, purchases & refinance only)
NOTE: Rates are subject to change without warning at the lender’s discretion.
Licensed by the Financial Services Commission of Ontario under Lic#M08010066
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