My Weekly Newsletter

Tuesday, October 18, 2011 Current Rates: Terms The Bank Our Rates 1 Year 3.50% 2.75% 2 Years 3.85% 2.99% 3 Years 4.35% 2.99% 4 Years 4.19% 3.09% 5 Years 5.29% 3.29% 7 Years 6.16% 4.49% 10 Years 6.75% 4.79% VIRM 3.00% 2.50% The prime rate is 3.00% Shawn Mooney (403) 945-8769 mortgages@shawnmooney.com Contact Info: AIRDRIE, Alberta (403) 945-8769

Current News: ·         Lessons from the crisis Oct 18, 2011 — The Toronto condo market appears to be overheating and could soon be flooded with excess supply. The market for condominiums in Canada's biggest city could undergo a 15% correction and stagnant construction over the next several years, Ryan Bohren and Sheryl King, economists with Bank of America Merrill Lynch Global Research, said in a report. ·         Resale home sales seen as bright spot Oct 18, 2011 — Existing home prices in Canada continued to increase last month, although the gains recorded were the smallest since January. ·         Rock-bottom rates darken Sun Life's outlook Oct 18, 2011 — Interest rates are like air to life insurance companies. With rates as low as they have been for the past few months, the whole industry is struggling for breath. ·         Millions set to flow back to Manulife investors Oct 18, 2011 — When Mr. D'Alessandro retired in the spring of 2009, shortly after the financial crisis caused the company's stock to plummet from more than $37 to $20, he told the insurer's board of directors that he would forgo $10-million in restricted share units unless Manulife shares hit $36 by the end of 2011. They closed yesterday at $12.34.