Weekly Newsletter

Wednesday, March 2, 2011 Current Rates: Terms The Bank Our Rates 1 Year 3.50% 2.64% 2 Years 3.75% 3.29% 3 Years 4.35% 3.35% 4 Years 5.14% 3.89% 5 Years 5.44% 3.84% 7 Years 6.60% 4.85% 10 Years 6.75% 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: ·         Mark Carney cites rebound, still sees risk Mar 01, 2011 — Bank of Canada Governor Mark Carney left his benchmark interest rate at 1 per cent Tuesday, acknowledging that the domestic recovery is showing more strength than anticipated while continuing to flag a series of global risks that now includes upheaval in oil-producing countries such as Libya. ·         BoC decision: What the analysts say Mar 01, 2011 — The Bank of Canada kept its main interest rate unchanged at 1% on Tuesday and gave no signal it plans to push it up soon, saying underlying inflationary pressures r emain subdued. ·         Loonie slips on BOC rate outlook Mar 01, 2011 — The Canadian dollar retreated from a three year high against the U.S. currency Tuesday morning and short dated bond prices perked up after the Bank of Canada left interest rates unchanged and gave no signal it plans to raise them soon. ·         Housing sales to stay shy of 2007 peak Mar 01, 2011 — Sales in Canada's housing market this year are expected to be about 15 per cent below their peak in 2007, Scotiabank predicted Tuesday.