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Mortgage Interest Rates continue to drop...
Hello folks and hope you are all enjoying the hot weather, either playing in it or keeping cool from it!  I wanted to update you with some interest rate information from my good friend/colleague/business associate: Rob Townley.  Here is what he has to say:
"Well it looks like the rates will continue to drop. The variable rate also did not see an increase this week. With the Global markets in the condition they are in I would expect rates to remain low for awhile with a small increase in the fall. Enjoy the hot weather !!"
 
Residential Mortgage Rates*
Effective July 13, 2011*
Term6 Month1 Year2 Year3 Year4 Year5 Year7 Year10 YearVariable
Rate
Prime
Rate
Posted Rates*4.55%4.30%4.05%4.35%5.14%5.49%6.60%6.99%
Best Rates*3.85%3.19%3.55%3.49%3.59%3.79%4.79%4.99%2.25%3.00%
*Interest Rates are provided for information purposes only and are subject to change at any time without notice. The products listed above are available only in Canada to Canadian residents. Rates shown are for single family residential properties only and are subject to meeting all lenders credit granting criteria. Rates shown above may be specific to the sender and some conditions may apply. E&OE.
Rob Townsley
Mortgage Consultant
905-830-3444

Published Thursday, July 21, 2011 11:17 AM by Opal Hustins

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