Toronto Mortgage Interest Rate Minute February 22nd

February 22, 2010

Mortgage interest rates in Canada haven’t changed for the past two weeks. The bond yields have remained relatively stable and low which is good if you are in the mortgage market. Currently there is little pressure on rates so we should enjoy these current low interest rates for a while. Currently I can offer the following:
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-.30% (1.95% 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.