August 2010

Market Watch – August 2010 Summer Cool Down Continues

The Canadian resale housing market continues to ease up. July sales dropped drastically when compared with the same month last year. This slow-down is not surprising in the face of tighter mortgage regulations and rising interest rates. ... read more

How Credit Score Affects Your Mortgage Rate

When you apply for a new loan, the loan officer will check your credit history first. Your credit score in most cases influences the amount you can borrow and also your interest rate. Understanding your credit score in a better way enhances your cha... ... read more

First-Time Home Buyers Tax Credit (HBTC)

The First-Time Home Buyers Tax Credit (HBTC) is one of the measures provided by the federal government in 2009 to encourage investment in Canadian housing. ... read more

Interior Design Tips: Home Theatre Decorating Ideas

A home theatre has quickly become a must-have for practically every family. From the simple family room setup to a much more elaborate theatre-seating wonder, today’s home theatres aren’t just for the wealthy anymore. ... read more

Green Living - How to Avoid and Repel Mosquitoes Naturally

Nothing ruins a lovely summer evening faster than being attacked by hungry mosquitoes. With the arrival of the West Nile Virus, mosquitoes have become a dangerous insect for the first time in many years. ... read more

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NATIONAL MORTGAGE RATES
Term	Posted Rates*	Best Rates*
6 Month	4.55%	3.95%
1 Year	3.50%	2.45%
2 Year	3.90%	2.80%
3 Year	4.45%	3.35%
4 Year	5.05%	3.80%
5 Year	5.40%	4.00%
7 Year	6.20%	4.80%
10 Year	6.50%	5.20%
Variable Rate		3.25%
Prime Rate		2.75%
* last updated: Aug 30, 2010