CanEquity Mortgage

March 06, 2008 12:56 ET

CanEquity Mortgage Lowers Short Term Fixed Rates Up to 125 Basis Points

CALGARY, ALBERTA--(Marketwire - March 6, 2008) - During the first week of March, CanEquity Mortgage (www.canequity.com) has continued to reduce their short-term mortgage interest rates to reflect the drop in prime rate. CanEquity is a nationally licensed Canadian mortgage brokerage with access to approximately 75 lenders and trust companies. CanEquity will continue to find the lowest mortgage rates across Canada for their current and potential customers and they will strive to keep the most current rates posted on their website. The following residential mortgage interest rates are effective immediately:

- variable rate           4.65 per cent       (decreased by 0.50 per cent)
- 6 month closed          5.25 per cent       (decreased by 1.25 per cent)
- three-year closed       5.39 per cent       (decreased by 0.66 per cent)
- four-year closed        5.90 per cent       (decreased by 0.09 per cent)
- five-year closed        5.74 per cent       (no change)