Monday Interest Rate Review August 23rd 2010

August 23, 2010

Mortgage interest rates continue to stay low as weak numbers indicate that we are still far from full economic recovery. Rates are always changing and it’s hard for a borrower to explore and shop the entire market to ensure that they are getting the right product and best rate. Mortgage brokers are people who specialize in the mortgage market so you don’t have to. Give me a call to discuss best rates and negotiate with the bank on your behalf.
My name is Christopher Molder . I am a Toronto mortgage broker dedicated to the financial sufficiency and independence of my clients. Call or write me to get started today.
2.70% – 1 Year Fixed
2.90% – 3 Year Fixed
3.89% – 5 Year Fixed (quick close Sept 30th)

2.87% – Merix 50/50 Mortgage (Fixed/Variable hybrid)
P-.70   3 Year Variable
P-.65   5 Year Variable
Prime Rate is currently 2.75%.
Bank of Canada Qualifying rate has dropped to 5.49%.
NOTE: Rates are subject to change without warning at the lender’s discretion.


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.