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Toronto Mortgages - Interest Rate Update


Blog by Tridac Mortgage | August 26th, 2010


Mortgage interest rates continue to stay low as week numbers suggest that we are still far from full economic recovery.

Mortgage interest rates for week of August 23, 2010:

2.70% – 1 Year Fixed

2.90% – 3 Year Fixed

3.89% – 5 Year Fixed (quick close Sept 30th)

2.87% – Merix 50/50 Mortgage (Fixed/Variable hybrid)

P-.70   3 Year Variable

P-.65   5 Year Variable

Prime Rate is currently 2.75%.

Bank of Canada Qualifying rate has dropped to 5.49%.

NOTE: Rates are subject to change without warning at the lender’s discretion.