Weekly Newsletter

Tuesday, September 6, 2011 Current Rates: Terms The Bank Our Rates 1 Year 3.60% 2.64% 2 Years 3.95% 2.99% 3 Years 4.45% 2.99% 4 Years 5.14% 3.09% 5 Years 5.54% 3.39% 7 Years 6.50% 4.49% 10 Years 6.90% 4.79% 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: ·         What's in Canada's emergency toolkit? Sep 06, 2011 — In the six weeks since the Bank of Canada's last meeting, markets have moved from pricing in a 25 basis point rate hike by the end of 2011 to roughly 50% odds of a rate cut. However, the threshold for a rate cut by the central bank remains high, according to Mark Chandler, head of fixed income and currency research at RBC Capital Markets. At the same time, he thinks any plans for "non-traditional" policies are very preliminary. ·         Protecting your investment Sep 06, 2011 — Fall is the best time to get all those seasonal home maintenance projects done around the house before the winter rains. People in the field all agree that preventive maintenance work is a lot easier when it is dry. ·         Loonie below $1.01 US on market gloom Sep 06, 2011 — The Canadian dollar lost almost a penny as North American stock markets reopened after the long weekend sharply lower, dragged down by general pessimism about the global economy. ·         Rate pause expected, but cut could follow Sep 05, 2011 — Will a cut follow the pause? The question of how long Mark Carney will wait before he raises interest rates has shifted to include the possibility he could reduce borrowing costs in the face of a global slowdown.