Weekly Newsletter

Tuesday, July 26, 2011 Current Rates: Terms The Bank Our Rates 1 Year 3.60% 2.64% 2 Years 3.95% 2.99% 3 Years 4.45% 3.52% 4 Years 5.14% 3.54% 5 Years 5.54% 3.54% 7 Years 6.50% 4.69% 10 Years 6.90% 4.95% 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: ·         Loonie storms to strongest since 2007 Jul 26, 2011 — The Canadian dollar rose to its best level in more than three and a half years against the U.S. dollar on Tuesday, as debt fears in the United States continued to slam the greenback. The currency climbed as high as US$1.0625, its strongest level since November 2007, when it hit a modern-day high. ·         Ringleader in mortgage fraud to stand trial Jul 26, 2011 — The alleged ringleader of a $12-million mortgage fraud case involving 22 Calgary properties was ordered to stand trial last week on more than a dozen charges. ·         Four reasons not to refinance your home Jul 25, 2011 — Interest rates are still extremely low, but they aren't expected to stay there for long. Should you refinance before it's too late? Not necessarily. Here are four reasons why refinancing might be a bad idea. ·         Time to rein in the powers of CMHC Godzilla Jul 25, 2011 — After a half-decade of minority governments where many challenging and controversial issues were kicked down the road, the Government of Canada finally can tackle overdue problems.