July 21st Mortgage Interest Rate Review – Heatwave Edition

July 21, 2011

Greetings from poolside! I couldn’t stand the thought of being cooped up in the office with this historic summer day in Toronto. Conveniently all of my gadgets are working and I like the idea of doing this mobile office more often. Rates seem to be settling down and the expected July Bank of Canada prime rate hike never precipitated as the BOC remain cautious about making any changes to a fragile economy. If you’d like to talk rates with me or get a quote fill in the contact form below, email me privately or give me a call 416.461.0204. Remember my service doesn’t cost you!
1 Year Fixed – 3.19%
3 Year Fixed – 3.52%
5 Year Fixed – 3.64%
3 Year Variable P-.65 (2.35%)
3 Year Variable P-.80 (2.20%) High ratio only.
5 Year Variable P-.95 (2.10%)
50/50 Hybrid 3.04% (effective rate)
Prime Rate is currently 3.00%.
Bank of Canada Qualifying rate 5.52%

[youtube width=”600″ height=”400″]http://www.youtube.com/watch?v=tS5j6T9erwE


Christopher Molder

Mortgage Broker

Christopher is a mortgage broker based in Toronto, Canada. And a son of a broker too. He’s a second generation mortgage broker. Following in his father’s steps he joined the family mortgage business straight out of university.