Mortgage Interest Rates for July 12th

July 15, 2010

I was out of the city this past Monday camping in Killbear Park far from any internet connection making it impossible to get my Monday Mortgage Minute up. I’ll just briefly post the current rates for anyone who is looking to see how rates have changed since last week.
Chris Molder – Son Of A Broker
2.70% – 1 Year Fixed
3.49% – 3 Year Fixed
4.09% – 5 Year Fixed

3.09% – Merix 50/50 Mortgage (Fixed/Variable hybrid)
P-.70   3 Year Variable
P-.60   5 Year Variable
Prime Rate is currently 2.50%.
Bench Mark Qualifying rate is 5.79% (Used to qualify high ratio mortgages)
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.