MORTGAGE RATES ARE ON THE MOVE

Fixed Rates: 
Have gone up.  
5 year term fixed rates range from 3.94% to 4.09% depending on "real deal" vs pre-approval, size of mortgage, and length of time until closing.

Variable Rates:
Have gone down a little.
5 year variable rate 2.20% (prime minus 0.80%)
3 year variable rate 2.15%
The rate used by lenders to qualify borrowers has gone up from 5.19% to 5.39%

Mortgage Term	Best Mortgage Rate (as low as...)
1 Year	2.54%
3 Year	3.70%
4 Year	3.89%
5 Year	Fixed - 3.94% Variable 5 Year- 2.20% (Prime - 0.80%)
7 Year	5.10%
10 Year	5.40%
Prime Rate	3.0%

Mortgage rates subject to change without notice.

Lowest rate depends on closing date, CMHC or conventional, owner occupied and mortgage amount.

If you have any questions about mortgage and interest rates, 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.com
Website: Toronto real estateWebsite: Ontario real estateBlog: Lowest Canada mortgage rates

Ontario Mortgage Refinancing

You should refinance if you want:

to eliminate high interest loans - credit cards, car, rrsp, personal, investment, student loans

to pay for kid’s education

to take advantage of today’s historic low rates

to invest in real estate, mutual funds, RRSP

to get rid of existing second or third mortgages

to reduce current mortgage rate

to pay for holiday trip

to lower current mortgage payments

to increase monthly cash flow

to pay for home renovations

to create an emergency fund.

Alexandre Malkhassiants,

Mortgage Agent with Centum Mortgage Decision

Sales Representative with Right at Home Realty Inc.

Office: (416) 391-3232
Cell: (416)723-9383
Email: amalkhass@rogers.com
 Toronto real estate 

Ontario real estate

Lowest Canada mortgage rates