Current mortgage rates Toronto GTA area

the table below shows the current mortgage rates now that most lenders have reduced their rates after the recent Bank of Canada prime rate drop on Tuesday December 9, 2008

TERM	POSTED	OUR RATES*
6 Month	5.9%	5.9%
1 Year	5.6%	4.35%
2 Year	6.25%	5.05%
3 Year	6.25%	5.15%
4 Year	6.09%	4.89%
5 Year	6.75%	4.99%
7 Year	7.2%	5.8%
10 Year	7.55%	6.1%
Variable Rate		4.1%
Prime Rate		3.5%

* Rates may vary and are subject to change without notice.
Rates Last Updated: Thursday, December 11, 2008

Thanks

Mark