Weekly Newsletter

Wednesday, June 15, 2011 Current Rates: Terms The Bank Our Rates 1 Year 3.60% 2.64% 2 Years 3.95% 3.20% 3 Years 4.45% 3.49% 4 Years 5.09% 3.44% 5 Years 5.39% 3.64% 7 Years 6.45% 4.79% 10 Years 6.85% 4.99% VIRM 3.00% 2.10% The prime rate is 3.00% Shawn Mooney (403) 945-8769 mortgages@shawnmooney.com Contact Info: AIRDRIE, Alberta (403) 945-8769

Current News: ·         Mortgage Brokers unite to promote the value of a real estate agent Jun 14, 2011 — Last week in the news there were several articles on how to save money selling your own home. Across the country many felt that these articles did not explain both sides of the equation. This week many Mortgage Brokers across the country published this article in support of real estate agents. ·         Reverse mortgage demand rising for boomers Jun 14, 2011 — A growing number of baby boomers are tapping into the value of their homes to boost their retirement income, prompting the country's biggest provider of reverse mortgages to lower the minimum age requirement for the product. ·         The most expensive home in each U.S. state Jun 14, 2011 — Looking for bragging rights? You can buy the most expensive home in North Dakota for $1.3 million. Buying the most expensive home in California will be a little harder at $150 million. ·         Household debt hits record $1.5-trillion Jun 14, 2011 — Household debt has hit a record high of $1.5trillion, according to the latest research report from the Certified General Accountants Association of Canada (CGA-Canada). ·         Vancouver rentals, most expensive market Jun 14, 2011 — Demand is outstripping supply in the country's apartment rental market, pushing the national vacancy rate lower and making it more difficult for renters to find accommodations, Canada Mortgage and Housing Corporation reported Thursday.