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Tuesday, September 7, 2010, 11:38 pm

TERM      OUR RATES   POSTED RATES

 

***5 year FIXED - 3.65%* - Must close by Oct. 31st, 2010

 

6 Month        3.95%         4.75% 
1 Year          2.44%         4.30% 
2 Year          2.89%         4.05% 
3 Year          3.49%         4.50% 
4 Year          3.79%         5.24% 
5 Year          3.79%         5.59% 
7 Year          4.75%         6.50% 
10 Year        5.09%         6.85%

 

All rates good for 120 day holds unless noted

 

Closed Variable   2.10%
Open Variable     3.55%
Prime Rate          2.75%


As of September 7, 2010.

Rates may vary provincially and are subject to change without notice.

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Butler Mortgages

Canadian mortgage industry says rising defaults not a huge concern

VANCOUVER, B.C. — Canada's mortgage industry says it's not concerned about the impact of rising defaults as a result of the recession that has set foot in Canada.

Despite a warning from the Bank of Canada on Thursday that mortgage and loan defaults could rise "significantly" if the global financial crisis deteriorates further, the industry says its products and lending arrangements are safer than those in the U.S., where millions have lost their homes through defaults.
12-15-2008 12:14 More...



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