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Mark Herman – Calgary Mortgage Broker

Residential Mortgage Rates Lowered

June 25, 2010 Canadian mortgage, economy, real estate
We never talk about rates as not everyone can qualify for best rates and not all rates are for a mortgage you would want.
That said, below is a note on what the bank rates are. Our rates right now are:
  • 4.49% to 4.19% to 4.09% – depending on how long your rate hold is for  a  5 year fixed
  • 1.90% = Prime – .6% = 2.5%-,65=1.90% for a variable.
As you can see our regular rates are lower than the bank offers. AND our services are free for you as the banks pay us AND you work with the top team of Katie – an ex-bank underwritter, and me 1 of 3 MBA’s doing mortgages in Canada. Why go anywhere else?

Residential Mortgage Rates Lowered

TORONTO, June 24 /JAC/ – Residential mortgage rate changes as and when announced by major lenders.

TORONTO, June 24 /CNW/ – RBC Royal Bank announced today that it is decreasing its residential mortgage rates effective June 25, 2010.

The changes are as follows:

Fixed Rate Mortgages

  • Six-month convertible 4.85 per cent (decreased by 0.10 per cent)
  • One-year closed 3.60 per cent (decreased by 0.10 per cent)
  • Two-year closed 3.95 per cent (decreased by 0.10 per cent)
  • Three-year closed 4.50 per cent (decreased by 0.10 per cent)
  • Four-year closed 5.54 per cent (decreased by 0.10 per cent)
  • Five-year closed 5.89 per cent (decreased by 0.10 per cent)
  • Seven-year closed 6.85 per cent (decreased by 0.10 per cent)
  • Ten-year closed 7.00 per cent (decreased by 0.10 per cent)

Special Fixed Rate Offers*

  • Four-year closed 4.39 per cent (decreased by 0.10 per cent)
  • Five-year closed 4.49 per cent (decreased by 0.10 per cent)

* The rates indicated are special discounted rates and are not the posted rates of Royal Bank of Canada. To calculate a rate discount compare the Special Offer rate against the posted rate for the applicable term.

Special Offers may be changed, withdrawn or extended at any time, without notice. Not available in combination with any other rate discounts, offers or promotions.

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For further information: Media contact: Gillian McArdle, (416) 974-5506

TORONTO, June 24 /CNW/ – TD Canada Trust has changed its mortgage rates, effective June 25, 2010.

The changes are as follows:

Fixed Rates To/Change:

  • 6-month convertible 4.75% – 0.10%
  • 1-year open 6.70% N/C
  • 1-year closed 3.80% – 0.10%
  • 2-year closed 4.30% – 0.10%
  • 3-year closed 4.85% – 0.10%
  • 4-year closed 5.54% – 0.10%
  • 5-year closed 5.89% – 0.10%
  • 6-year closed 6.20% – 0.10%
  • 7-year closed 6.59% N/C
  • 10-year closed 6.90% N/C

Special Fixed Rate Offers To/Change:

  • 1-year closed 2.80% – 0.10%
  • 4-year closed 4.39% – 0.10%
  • 5-year closed 4.49% – 0.10%
  • 7-year closed 5.25% N/C
  • 10-year closed 5.59% N/C

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For further information: Tashlin Hirani, Media Relations, Corporate and Public Affairs, TD Bank Financial Group, (416) 982-3375

TORONTO, June 25 /CNW/ – CIBC (CM: TSX; NYSE) today announced the following changes in mortgage rates:

  • Six-month convertible 4.85 per cent, down 0.10 per cent
  • Six-month open 6.70 per cent, no change
  • One-year open 6.45 per cent, no change
  • One-year closed 3.60 per cent, down 0.10 per cent
  • Two-year closed 3.95 per cent, down 0.10 per cent
  • Three-year closed 4.60 per cent, down 0.10 per cent
  • Four-year closed 5.54 per cent, down 0.10 per cent
  • Five-year closed 5.89 per cent, down 0.10 per cent
  • Seven-year closed 6.95 per cent, down 0.10 per cent
  • Ten-year closed 7.00 per cent, down 0.10 per cent

These rates are effective Saturday, June 26, 2010.

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