Weekly Newsletter

Tuesday, November 1, 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% 2.80% The prime rate is 3.00% Shawn Mooney (403) 945-8769 mortgages@shawnmooney.com Contact Info:

Current News: ·         This mortgage can make your reno happen Nov 01, 2011 — "Most banks will give you a line of credit of up to 80 per cent of the market value of the property, whereas the PPP/CMHC-insured mortgage can go up to 95 per cent of the improved value of the property, so it provides a way for homeowners who've only got 5 per cent of the down payment to be able to buy the home they want and improve it as well,” says Tina Tehranchian CFP financial advisor at Assante Capital Management Ltd. ·         World recovery faces pivotal week - Carney Nov 01, 2011 — Bank of Canada Governor Mark Carney testifies before the House of Commons Finance Committee this morning, in what is shaping up to be a pivotal week for him as well as for the global recovery. ·         Loonie tumbles two cents on Europe Nov 01, 2011 — The Canadian dollar tumbled more than two cents against the U.S. dollar Tuesday, slipping back below parity as fears over the eurozone debt crisis and the collapse of broker-dealer MF Global darkened the outlook for the global economy. ·         Consider downsizing for retirement Oct 30, 2011 — The first wave of baby boomers will turn 65 thi s year, but many may not be ready for retirement. A recent poll from CIBC reveals that nearly half (46 per cent) of our country's baby boomers still carry a mortgage and 75% still carry additional debt.