Toronto Mortgage Interest Rate Review – December 17th 2010

December 17, 2010

[youtube width=”480″ height=”272″]http://www.youtube.com/watch?v=tcWDieSpfcg

Due to increased bond activity over the past couple of weeks again lenders have increased their fixed mortgage rates. The following are the current rate offerings:
2.75% – 1 Year Fixed
3.19% – 3 Year Fixed
3.84% – 5 Year Fixed (120 day ratehold)

P-.70   3 Year Variable (2.30%)

P-.70   5 Year Variable (2.30%)

Prime Rate is currently 3.00%.
Bank of Canada Qualifying rate 5.19%
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.