Weekly Newsletter

Wednesday, January 12, 2011 Current Rates: Terms The Bank Our Rates 1 Year 3.35% 2.54% 2 Years 3.60% 3.05% 3 Years 4.15% 3.19% 4 Years 4.94% 3.59% 5 Years 5.19% 3.65% 7 Years 6.35% 4.50% 10 Years 6.50% 4.95% VIRM 3.00% 2.20% The prime rate is 3.00% Shawn Mooney (403) 945-8769 mortgages@shawnmooney.com Contact Info: AIRDRIE, Alberta (403) 945-8769

Current News: ·         Home building slows in December Jan 11, 2011 — Housing construction slowed by a more than expected 13.5% in December, led by a decline in multiple-unit activity in Ontario, according to Canada Mortgage and Housing Corp. ·         Lenders open taps to smaller businesses Jan 11, 2011 — The drought in small-business lending appears to be easing. It's not yet a funding flood, but by the end of last year banks were making it easier and cheaper for small businesses to get financing, according to a Bank of Canada survey of senior loan officers at major financial institutions released on Monday. ·         Rate hike expected in first half of year Jan 10, 2011 — Most of Canada's primary securities dealers now expect the Bank of Canada to resume raising interest rates in the first half of this year with economic prospects having brightened in the past month. ·         Broken record on fiscal propriety is wearing thin Jan 10, 2011 — At times, Jim Flaherty likes playing the role of the Harper government's snarling attack dog. Remember that partisan rant he delivered in Ottawa last September, warning of economic cataclysm if the opposition dared trigger an election? The Finance Minister is a lot more at ease, however, basking in the glow of Canada's recent economic successes.