Mortgage rates on the move!


Many of us are not aware that our mortgage rates are bench marked to, and move in, conjunction with the 5 and 10 year bond rates in Canada.  Over the past few weeks these bond rates have been increasing as our economy is seeing an increase in its growth rate.

Today (March 29 / 2010) we will feel the pain as many of our leading lenders in Canada have raised their bench mark 5 year mortgage rates by .6 per cent.   For daily updated rates in Canada, go to Mortgage Rates.  



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David Newton

David Newton

Sales Representative
CENTURY 21 Miller Real Estate Ltd., Brokerage*
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