The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Shortâ€"term rates are what you pay on open mortgages of 6 to 12 months, or on one with a floating rate. It hapâ€" pens that these shortâ€"term rates are at But before dashing out and locking yourself into a fixed rate for the next 5 to 10 years, pause to consider a few facts. First of all, there are two kinds of mortgage interest rates â€" short term and long term. Interest rates may not have reached the free fall stage yet â€" but they‘re headed in that direction. In fact, many chartered accountants feel they may be close to bottoming out. With the prime now hovering around 5.75% (the lowest it‘s been in 25 years) many people with mortgages are wondering if now is a good time to lock in, while current rates are good. Is now a good time to lock in? $189,000. Cosy 2â€"bdrm. home close to downtown. Perfect starter or retirement home. Call for more information. $274,900. Buys a raised bunge unique floor plan, central air, c extensive ground floor on ravine Breathtaking property pnced huge lot 136‘x175‘, new roof . one year ago. Updated kitcher $349,000. Impeccable 2â€" decor and brdim., marbl on 16 Mile Creek. Finishe $595,000. Wellâ€"maintained 4â€"barm bthrms., 2â€"sty. residence on large landscaped lot with inground pool. DONNA MACRAE* 8446061 FOR SALE SUSAN FLYNN* 844â€"6061 EDNA KING* 8446061 EDNA KING* 8446061 EDNA KING* 8446061 entral va JOHNSTON & DANIEL While a spread of 2 to 3% may not seem much, it can make a huge differâ€" ence to your monthly mortgage payâ€" ment. Forâ€"example, on a $100,000 mortgage at 6 per cent, payments are a little more than $600 a month, whereas at 8% they‘re almost $800. That‘s a difference of about $200 a month. Apart from anything else, locking into a long term could pose a problem if you want to sell your house part way (See ‘Consider ‘ page 5) Right off, the problem you face when you lock in a mortgage is that you‘re dealing with higher longâ€"term rates. In some cases, and depending on the term. these can be well over 8%. an all time low, running between 5.5 and 6%, depending on where you go. $339,500. Beautifully upgraded 5â€"badrm. home in north Oakville. Inci. den, family rm., large eatâ€"in kitchen, fin. bsmt., pool. J, LUMBERS*/M. CONNELLY*/P. NCHOLSON| | _ BILL HUMPHREYS** 8446061 $459,900. Buit Circa 1945 this elegant home has | _ & WAz spadous rooms, leaded glass windows, hardwood MORAG floors, oversized dining room, fireplace, french 800M6, GONNELLY® sereen porch, circular dnveway. Perfect for entertaininQ saes Representative or relaxing with family. For further details please call _ 8446061 Custom luxury homes to be bult on 60‘ or ne in north Oakville. Incl. den, family creek & harbour. Spotless, jacuzzi, 5 appls. | | semiâ€"detached home in centre of town , large eatâ€"in kitchen, fin. bsmt., pool. | | included. Double garage. | : Steps to lake & shops. BILL HUMPHREYS** 844â€"6061 [ MO CONNELLY* 8446061 & FORD O‘BRIEN* 8446061 HOME OF THE WEEFK lots in West Oak Trails a quiet §E E # C # € e fl Fet â€" \ ~al ol T3 #8% e K \| ms s pu & 1+ (fses ANSIE y ¢ : gait & nluf | N See) & |e<H ) t 3) Cf e "% . _ Aaiats ha .o Pememe seb l meeadils NVR B 299 Lakeshore Road East, Oakville â€" 8446061 E_ e der ] IaKe UR Ap $225,000. Super Bronte condo looks onto Iua rry $419 CX n :s s‘ 2 t ab Je se paXe . s r 0 b‘ ""_o.‘ ’ ‘ vr~ ? j 3 ist Oakville Georgian style, 4 er has ensuite & jacuzzi, sep. Customized loft bungalow to be built in harbour location. Cathedral ceilings, skylights and many other custom selections. Curved glass ensulite gourmet kitchen, three bedrooms. Only two left! ansion itever ADVANIAGE PLLTS Ne 700 Derval Orive: Te â€"â€" ==.â€" =S.‘"& j \ + * * , "Tin WK aniew i9 f â€"oupkReâ€"â€"= TB : Jn jaw | 5 CCC _ A ::fi Il it OE C OC Oioretl bs y IC3T 3 LE3EICIr 3 2 a % Bute 103. Oskvite 184 Robinson Street. Charming 2â€"bdrm $243,900. Large mature lot, this 1/ storey has been renovated and has f’i)nc.) ganny suite, pot. for professional $1,395,000. Riparnan rights â€".90 acre, stone _ mansion . under construction available as is or finished. Plans available. $169,000. Lovely 2â€"bdrm. + den, ensuite laundry, gas FP, sunken LR. Building has pool, sauna, security. $439,500. Circ lovingly restore bdrms., private $549,900. Immaculate Ce'hm;'% Stone Home built in 1849. Terri bam/ paddock/pasture. 25 acres mixed bush. emmmmmemmmmmmmanes,~ Bx § * 'I I :!! 11 ‘ i. & fl .r al h BEV ELLIS* 844â€"6061/845â€"2388 BEV ELLIS* 844â€"6061/845â€"2388 BEV ELLIS* 844â€"6061/845â€"2388 BEV ELLIS* 844â€"6061/845â€"2388 MO CONNELLY* 8446061 Drearic i late 1800‘s orig. farmhouse d and updated features 4+ mature lot. Savings based on 6% commission SOLD