Weekly Newsletter

Tuesday, November 29, 2011 Current Rates: Terms The Bank Our Rates 1 Year 3.50% 2.75% 2 Years 3.85% 2.99% 3 Years 4.05% 3.19% 4 Years 4.79% 3.09% 5 Years 5.29% 3.29% 7 Years 6.35% 4.49% 10 Years 6.75% 4.79% VIRM 3.00% 2.90% The prime rate is 3.00% Shawn Mooney (403) 945-8769 mortgages@shawnmooney.com Contact Info: AIRDRIE, Alberta (403) 945-8769

Current News: ·         Growth of mortgage debt slows: CMHC Nov 29, 2011 — The rate at which Canadians have been racking up new mortgage debt has slowed in recent months, lending credence to the theory that the country's housing market will hold up, Canada Mortgage and Housing Corp. suggests. ·         Sun Life to cut dividend? Nov 28, 2011 — The market is increasingly speculating that Sun Life might have to shave its dividend, as low interest rates and tumultuous markets continue to rattle life insurers. ·         Markets storm out of the gate Nov 28, 2011 — North American markets stormed ahead Monday morning buoyed by record shopping south of the border and rumours of progress on Europe. The Dow and TSX both picked up 245 points on open. ·         Loonie rebounds with markets Nov 28, 2011 — The Canadian dollar rebounded from a seven-week low against its U.S. counterpart on Monday as the euro and world stocks rallied on hopes that European leaders would make progress on resolving the credit crisis.