This weeks current news letter

Wednesday, February 23, 2011 Current Rates: Terms The Bank Our Rates 1 Year 3.35% 2.30% 2 Years 3.60% 2.95% 3 Years 4.15% 3.35% 4 Years 4.94% 3.89% 5 Years 5.19% 3.84% 7 Years 6.35% 4.85% 10 Years 6.50% 5.15% 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: ·         Get finances ready before house hunting Feb 22, 2011 — Buying your first home is a daunting process, not only is there the concern over owing so much money in what are still, for many, uncertain economic times, there are a lot of steps to take and a lot of pitfalls to avoid. The most important thing is knowing where to start, and that's with pre-approval, says Farhaneh Haque, regional sales manager for TD Canada Trust. ·         Mortgage change clock ticking Feb 19, 2011 — The D-Day for mortgage rules is looming closer, but has it put any extra pressures on the housing industry? Just in case your focus has been solely on the Flames' recent run for the playoffs, I'm referring to the changes announced in January by federal Finance Minister Jim Flaherty that go into effect on March 18. ·         Selling a house? Beware the costs Feb 18, 2011 — If you're thinking of selling your house to make a little money before rising interest rates squeeze the real estate market, there's good news and bad news. ·         Dollar may fly higher yet Feb 18, 2011 — The slow but steady climb of the Canadian dollar reached a three-year high Thursday, and currency watchers say the upward momentum has legs in the long run on the strength of commodity demand from emerging markets.