Thursday, June 14, 2007

Mortgage Rate Update June 14, 2007

Canadian Mortgage Rate Update June 14, 2007

Yes, Canadian mortgage rates are on the rise in anticipation of the July Bank of Canada meeting where it is fully expected that they will raise the prime rate.

1 Year Fixed 5.60%
2 Year Fixed 5,65%
3 Year Fixed 5.70%
4 Year Fixed 5.95%
5 Year Fixed 5.79%
7 Year Fixed 6.05%
10 Year Fixed 6.15%

Best variable rate is Prime -.90% (5.10%)

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