Well I just blooged the other day about it going down another quarter of a point and here it is. For all of you folks with adjustable rate mortgages, congradulations your mortgage payment goes down again.

The Lenders are putting this into practice as we speak, so the next little while we shall see what will happen next. The latest rates are as follows

Lynn Meldrum , Mortgage Professional

Verico Canada First Mortgage

Phone 1-403-554-9142

Fax 1-866-53-4235

Email lynn@canadafirstmortgage.com

Term	Our Discounted	Posted Bank Rate
Adjustable	Prime plus 0.75%	Prime Plus 1%
1 Year	2.99%	5.50%
2 Years	3.59%	5.75%
3 Years	3.59%	5.75%
4 Years	3.79%	5.69%
5 Years	3.69%	5.79%
7 Years	5.15%	7.00%
10 Years	5.25%	7.35%
	rates as of April 22, 2009
	Rates can change w/o notice