Mortgage Interest Rate Review – Dec 1st 2010

December 1, 2010

Mortgage interest rates have increased this week over last week due to an increase in bond yields. While mortgage rates have jumped about 20 points they still remain at all time lows. Contact a Toronto mortgage broker like myself to get yourself the best rates available.

2.65% – 1 Year Fixed
3.49% – 3 Year Fixed
3.59% – 5 Year Fixed (quick close Dec 31sh)
3.69% – 5 Year Fixed (120 day ratehold)

P-.75   3 Year Variable (2.25%)

P-.75   5 Year Variable (2.25%)

Prime Rate is currently 3.00%.
Bank of Canada Qualifying rate 5.44%
NOTE: Rates are subject to change without warning at the lender’s discretion.

Profile

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.