Weekly Newsletter

Wednesday December 28, 2011 Current Rates:   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 Contact Info: Serving Alberta (403) 945-8769 Toll Free 1-866-388-1838

Current News: ·         IMF calls for review of CMHC risk management Dec 23, 2011 — The International Monetary Fund is calling for a review of the rules that govern Canada Mortgage and Housing Corp. to ensure there is sufficient oversight of the Crown corporation. ·         Credit cards make Christmas merry Dec 23, 2011 — In a Christmas season marked by growing economic malaise around the world, Canadians are defiantly fighting back with the best weapon they have: their credit cards. ·         Housing correction big risk for Canada Dec 22, 2011 — The Canadian housing market is at risk of a price correction and remains the chief domestic vulnerability to the country's economy in the new year, according to two new reports. ·         Canadian home price index flat in October Dec 21, 2011 — Canadian home resale prices slipped in October from September, the latest sign the country's once hot housing market is cooling further. The Teranet-National Bank Composite House Price Index, which measures price changes for repeat sales of single-family homes in 11 major cities, showed overall prices were down 0.04 percent in October from September.