MORTGAGE RATES ARE DROPPING

Royal Bank of Canada started the latest round of cuts.
Toronto-Dominion Bank cut its four-, five-, seven and 10-year fixed rate mortgages to 4.99 per cent (-0.15 per cent, 5.34 per cent (-0.10 per cent), 6.14 per cent (-0.20 per cent) and 6.50 per cent (-0.15 per cent) respectively.
TD also cut its four-, five-, seven-and 10-year closed special fixed rate offers to 4.19 per cent (-0.15 per cent), 4.09 per cent (-0.10 per cent), 4.79 per cent (-0.20 per cent) and 4.99 per cent (-0.20 per cent) respectively.
Canadian Imperial Bank of Commerce cut its four-, five-, seven-and 10-year closed mortgages to 4.99 per cent (-0.15 per cent), 5.34 per cent (-0.10 per cent), 6.50 per cent (-0.20 per cent) and 6.60 per cent (-0.15 per cent).
National Bank adjusted its four-and five-year closed fixed-rate mortgages to 4.99 per cent (-0.15 per cent) and 5.34 per cent (-0.10 per cent). It also cut the 10-year closed mortgage to 6.40 per cent (-0.25 per cent) and the variablerate closed capped mortgage to 5.34 per cent (-0.10 per cent).

Financial Institution	3 Yr	5 Yr	7 Yr	10 Yr	5 Yr Variable
CENTUM Primo**	3.35	3.89	5.65	5.50	2.30
Concentra	3.80	4.09	N/A	N/A	3.00
First National	3.80	4.04	4.79	4.99	2.30
FirstLine	3.80	3.89	4.99	5.19	2.35
Home Trust	4.09	4.69	N/A	N/A	3.00
ING	3.89	4.04	5.10	5.40	2.25
MCAP	3.89	3.84	5.10	5.40	2.35
Scotia	3.80	4.04	5.10	5.69	2.85
Street Capital	3.80	4.09	N/A	N/A	2.30
TD	3.80	4.04	4.79	4.99	2.35
ResMor	3.74	3.94	N/A	N/A	2.65
Lendwise	3.35	3.80	N/A	N/A	2.60

Rates Effective as at: Mar 17, 2011
Prime Rate: 3.00%
Qualifying Rate: 5.44%

If you have any questions about Canada mortgage rates and Toronto real estate, call Alexandre Malkhassiants, Sales Representative and Mortgage Specialist. Right at Home Realty Inc., Real Estate Brokerage. 
Office: (416) 391-3232. Cell: (416) 723-9383. 
E-mail: amalkhass@rogers.comWebsite: Toronto real estateWebsite: Ontario real estateBlog: Lowest Canada mortgage rates<>