Canadian Mortgage News

January 2008 National News Archive

CanEquity Mortgage lowers short term fixed rates up to 125 Basis Points

CALGARY, Alberta, March 06, 2008 — During the first week of March, CanEquity Mortgage (www.canequity.com) has continued to reduce their short-term mortgage interest rates to reflect the drop in prime rate. CanEquity is a nationally licensed Canadian mortgage brokerage with access to approximately 75 lenders and trust companies. CanEquity will continue to find the lowest mortgage rates across Canada for their current and potential customers and they will strive to keep the most current rates posted on their website. The following residential mortgage interest rates are effective immediately:

variable rate      4.65%  (-0.50 per cent)
6 month closed     5.25%  (-1.25 per cent)
three-year closed  5.39%  (-0.66 per cent)
four-year closed   5.90%  (-0.09 per cent)
five-year closed   5.74%  (no change)

For further information: Anthony De Almeida, (403) 374-1782 ext 226

News source: The Canadian Equity Group (CEG)