LATEST NEWS

01.19.10: 
Today the Bank of Canada announced that they are maintaining their overnight lending rate at 1/4 percent. Although total CPI was positive in the last quarter of 2009, a considerable amount of excess supply exists in the economy. Rates will be announced again on March 2, 2010.   

01.16.10:
The Canadian housing market saw home sales climb 7.7% from the previous year in December. December sales hit a record high, however CREA forecasts sales will still increase by 7% this year.

12.05.09:
U.S. 30 year and 15 year fixed rate mortgages fell to their lowest level in 38 years, according to a Freddie Mac weekly survey.  

Today's Mortgage Rates 

Where mortgage rates are ultimately depends on what the individual client qualifies for.  

Many of our clients meet us having the credit rating and profile that qualifies them for the best mortgage rates in the market, which we help them access. 

Through Katharine Avon's help and education, other clients are able to take the necessary steps to achieve the credit rating and profile required to qualify for the lowest interest rates, should they not be able to initially. That is part of the service and dedication you receive here.

TERM

POSTED RATES

OUR RATES*

 1 YEAR

4.60%

3.50%

2 YEAR

3.65% 

2.30% 

 3 YEAR

4.50% 

3.25% 

 4 YEAR

5.19% 

3.84% 

 5 YEAR

5.59% 

3.69% 

 7 YEAR

6.60% 

5.19% 

 10 YEAR

6.70% 

5.30% 

 VARIABLE RATE

2.25% 

1.95% 

 PRIME RATE

2.25% 

2.25%

 


 

                                   * rates may vary provincially and are subject to change without notice
                                     Rates last updated: January 15, 2010