Weekly Newsletter

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Wednesday, May 18, 2011 Current Rates: Terms The Bank Our Rates 1 Year 3.70% 2.64% 2 Years 4.05% 3.19% 3 Years 4.55% 3.52% 4 Years 5.19% 3.69% 5 Years 5.69% 3.89% 7 Years 6.49% 4.79% 10 Years 6.85% 4.99% 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: ·         Large family homes an emerging trend May 16, 2011 — North American homes will increasingly house multi-generational families as affordability wanes and cultural attitudes and demographics shift. ·         Signs point to strong economy May 16, 2011 — Friday's inflation figures will determine if the sharp rise in consumer prices seen in March continues into April, adding pressure on the Bank of Canada to raise interest rates. ·         Carney's view sure to offer clues May 16, 2011 — Next to Friday's inflation report, which could be key in determining whether interest rates rise at the end of May, the biggest event on this week's economic calendar is a luncheon speech by Mark Carney at Ottawa's spanking-new convention centre. ·         First-time homebuyers a growing market May 13, 2011 — First-time homebuyers have accounted for about one in every two homes sold in Canada in the past two years, over more than a quarter of a million sales per year across the country, says a ne w report.