Weekly Newsletter

Tuesday, July 5, 2011 Current Rates: Terms The Bank Our Rates 1 Year 3.60% 2.64% 2 Years 3.95% 3.30% 3 Years 4.34% 3.45% 4 Years 5.04% 3.54% 5 Years 5.54% 3.59% 7 Years 6.44% 4.69% 10 Years 6.80% 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: ·         Surplus of available seniors rental housing Jul 05, 2011 — There was a surplus of seniors rental housing available in Canada over the last year, with vacancy rates at seniors-only apartment complexes just above 10 per cent. ·         Renovating for Energy Savings Jul 05, 2011 — Just about any house can benefit from energy-efficient renovations such as increasing insulation levels and air sealing. In particular, post-1960s two-storey homes offer distinct opportunities to improve efficiency and lower energy costs. Some have an attached garage and maybe a room over the garage, alo ng with a full unfinished or finished basements where energy saving retrofits might be possible. ·         Loonie jumps above $1.04 Jul 04, 2011 — The Canadian dollar was higher Monday in the wake of strong economic reports last week that could persuade the Bank of Canada to raise its key interest rates sooner rather than later. ·         Mortgage rates on the rise Jul 04, 2011 — RBC Royal Bank and TD Canada Trust said Monday they will raise their benchmark five-year fixed-rate mortgage 15 basis points, to 5.54%. Other banks are expected to follow suit, since the hike reflects rising bond returns in the wider market, which l ift the costs of funds for all lenders.