Monday Mortgage Rate Review on a Wednesday

October 13, 2010

I was away on a sailing regatta in Delaware this past Monday so I missed posting my Monday Mortgage Minute interest rate review however I saved myself from having to post twice this week because today some exciting mortgage interest rate drops were announced today. You can read about the boring technical reasons why rates dropped here. The following are the current rates I can currently offer for purchases and refinances, get in touch to discuss your mortgage. 416.461.0204 ext 2
2.70% – 1 Year Fixed
2.90% – 3 Year Fixed
3.49% – 5 Year Fixed (quick close Nov 30th)

3.09% – Merix 50/50 Mortgage (Fixed/Variable hybrid)
P-.60   3 Year Variable (2.40%)

P-.65   5 Year Variable (2.35%)

Prime Rate is currently 3.00%.
Bank of Canada Qualifying rate 5.39%.
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.