Weekly Newsletter

Wednesday, June 8, 2011 Current Rates: Terms The Bank Our Rates 1 Year 3.60% 2.64% 2 Years 3.95% 3.30% 3 Years 4.45% 3.52% 4 Years 5.09% 3.59% 5 Years 5.59% 3.69% 7 Years 6.45% 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: ·         Borrowing like magpies Jun 07, 2011 — Magpies are basically slightly more interesting crows. They are known scavengers with a high degree of intelligence but most famously they are strongly attracted to "shiny" objects and will even steal them. When it comes to borrowing far too many of us are like magpies. We are easily distracted by or attracted to the "shiny thing". ·         Shaky U.S. economy will test budget outlook Jun 07, 2011 — The second iteration of the federal budget was released Monday into majority government territory, which means there is no uncertainty regarding whether it will be passed or not. ·         Strung out on a line Jun 06, 2011 — In the past decade, lines of credit have grown to become the largest chunk of our debt. A study released this month from credit-rating agency TransUnion found lines of credit were almost 41.5% of the average Canadian debt load of $25,597, not including mortgages. ·         Save thousands by selling your own home Jun 06, 2011 — For most people, a decision to sell their home is followed by a call to a real estate agent. But according to a recent poll, many Canadians aren't thrilled about making that call.