Weekly Newsletter

Tuesday, September 13, 2011 Current Rates: Terms The Bank Our Rates 1 Year 3.60% 2.64% 2 Years 3.95% 2.99% 3 Years 4.45% 2.89% 4 Years 5.14% 2.99% 5 Years 5.54% 3.39% 7 Years 6.50% 4.49% 10 Years 6.90% 4.79% VIRM 3.00% 2.30% The prime rate is 3.00% Shawn Mooney (403) 945-8769 mortgages@shawnmooney.com Contact Info: AIRDRIE, Alberta (403) 945-8769

Current News: ·         Could Canada be first to stumble? Sep 13, 2011 — Canada could become the first developed economy to stumble back into recession as businesses pull back on investment and inventory accumulation in the third quarter, Bank of Nova Scotia economists said on Tuesday. ·         Canadians fall deeper in debt Sep 13, 2011 — Canadian household debt continued to rise in the second quarter as individuals took out more mortgages at historically low rates and obtained consumer loans, Statistics Canada said on Tuesday. ·         Income inequality rising quickly in Canada Sep 13, 2011 — The gap between the rich and the rest is growing ever wider - with the chasm increasing at a faster pace in Canada than in the United States. ·         Loonie slips below parity as investors flee risk Sep 12, 2011 — The Canadian dollar fell below parity against the U.S. dollar on Monday to its weakest level in more than seven months as risk sentiment continued to deteriorate on growing fears of a Greek default. Canada's dollar fell as low as 99.84 U.S. cents, its weakest level since Jan. 31.