Thursday, February 10, 2011

CANADIAN BANKS INCREASED FIXED RATE MORTGAGES

The major Canadian banks - CIBC, RBC Royal Bank and TD Canada Trust have increased fixed rate mortgages by 0.25 percentage points to 5.44 per cent. 

The banks increased it's one-year fixed rate mortgage 0.15 percentage to 3.5 per cent.
The mortgage rates are affected by bond yields. which have also risen as a result of concers over inflation. 
There are no changed to other rates.
The new rates already came into effect. 
If you need mortgage or refinancing, try to get pre-approval right now, before additional rates increases.
The best way to do it is to call Centum mortgage agent Alex Malkhassiants at (416) 723-9383.
Centum has the best and lowest Canada mortgage rates on a wide range of products.
TermOur RateBank Rate
3 Yr Fixed3.80%4.35%
5 Yr Fixed4.04%5.44%
Variable2.10%3.00%
Updated : February 10, 2011


Reports say that households in Ontario are vulnerable to interest rates hikes. That's why you should think about pre-approval before start searching for Ontario real estate or the house in Ontario.


Alexandre Malkhassiants, Sales Representative & Mortgage Specialist,
Right At Home Realty Inc.,  Real Estate Brokerage
Office: (416) 391-3232
Cell: (416) 723-9383
E-mail: amalkhass@rogers.com
Web site: Toronto real estate
Web site: Ontario real estate
Blog: Lowest Canada mortgage rates

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