[www.vernonmortgagebroker.ca] Rate Notifier - Tuesday, October 19, 2010

Randy Kazemir   Mortgage Professional   randy.k@mortgagegrp.com   www.vernonmortgagebroker.ca Vernon Office:250.938.1258   Toll free: 1.866.680.5817   Toll free fax: 1.866.680.6035         Tools How Much will I Pay What Can I Afford Rent vs Buy   Links to Assist You   CMHC   Canada Revenue Agency ##Randy Kazemir Tuesday, October 19, 2010##       Mortgage Rates Our Rate Bank Rate 1 Year Open 6.70 % 6.70 % 1 Year Closed 2.44 % 3.40 % 2 Year 2.99 % 3.55 % 3 Year 2.90 % 4.10 % 4 Year 3.45 % 4.94 % 5 Year 3.39 % 5.29 % 7 Year 4.50 % 6.09 % 10 Year 4.75 % 6.40 % The market widely predicted the Bank of Canada would not raise rates, and it was right. The Bank of Canada has left its key lending rate at 1.00%. In turn Prime Rate will remain at 3.00%. The next and final interest rate meeting of 2010 is on December 7, 2010. For the Bank of Canada press release with the economic outlook for Canada http://www.vernonmortgagebroker.ca/newsarticle.asp?id=1958 "Helping you improve your lifestyle" Visit us at    www.vernonmortgagebroker.ca

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