Monday Mortgage Minute February 8th – Toronto Interest Rates

February 8, 2010

We started off this morning with the lowering of the fixed 5 year special offered by mortgage lender Merix Financial leading all the lenders down. The “quickclose” special is now at 3.69% for a fixed 5 year rate. The only condition is that the mortgage must close by March 26th 2010. Other than that this is a mortgage with full privileges. Most other lenders have followed suit and are currently offering 3.89% for their standard rates. You can currently lock in your variable at 3.89%. If you are looking for a mortgage and need somebody to lead you through the confusion that is the mortgage market please feel free to contact me. Also keep in mind that I am donating my services to the Hatian Relief.
Chris Molder – Son Of A Broker
1 year fixed – 2.65%
3 year fixed – 3.50%

5 year fixed – 3.79%
3 year variable – Prime-.10% (2.15% effective rate)
5 year variable – Prime-.25% (2.00% effective rate)
5 year fixed – 3.69% (must close by March 26th 2010, purchase & refinance only)

3 year variable Prime-.30% (1.95% effective rate closing in 30 days, purchases & refinance only)
NOTE: Rates are subject to change without warning at the lender’s discretion.

Licensed by the Financial Services Commission of Ontario under Lic#M08010066


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.