Teusday December 13, 2011
| Terms | The Bank | Our Rates |
|---|
| 1 Year | 3.50% | 2.75% |
| 2 Years | 3.85% | 2.84% |
| 3 Years | 4.05% | 2.99% |
| 4 Years | 4.79% | 3.19% |
| 5 Years | 5.29% | 3.29% |
| 7 Years | 6.35% | 3.99% |
| 10 Years | 6.75% | 4.49% |
| VIRM | 3.00% | 2.80% |
| The prime rate is 3.00% |
Shawn Mooney
(403) 945-8769
mortgages@shawnmooney.com
Serving Alberta
(403) 945-8769
Toll Free 1-866-388-1838
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- Household debt climbs amid stagnant incomes
Dec 13, 2011— Canadian households are drowning in debt. According to a new report released Tuesday, Canada's household debt has reached a record high in part to stagnant income and individuals taking on more debt.
- Do you need cash for your retirement?
Dec 13, 2011— What if you saved for retirement, only to find when you left the work force that you don't have enough income to cover your needs and wants? One of the most attractive options is to tap into the equity in your home through a reverse mortgage, or a home-equity line of credit.
- How the rich are investing in real estate now
Dec 12, 2011— I was catching up on a backlog of reading last weekend when I came across an interesting, if worrisom e, article in The Economist. In it, the British news-magazine suggested the Canadian real estate market is overvalued by 25 per cent or more, and is now "frothier" than the U.S. market was at its peak in 2008.
- Decline slowing in Canada: OECD
Dec 12, 2011— All major economies are losing momentum, the Organization for Economic Cooperation and Development said on Monday, with activity across the think tank's member countries at its weakest in two years.
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