Mortgage rates going DOWN?

Mortgage rates going DOWN, calgary morgages, FlatFee495

Mortgage rates going DOWN, calgary morgages, FlatFee495

The shutdown in the U.S. Government had been a welcome occurrence for Canadians lgsearching to buy a home or refinance their current mortgage. It has created a flood of investors to move from U.S bonds to Canadian bonds which lower bond returns and subsequently, mortgage interest rates.

The real estate market has continued to remain strong with home prices on the rise across Canada. A new survey by Royal Lepage suggests the average price of a home in Canada increased between 1.2% and 4.1% in the third quarter of 2013. Sales volumes are also up year over year. It’s becoming evident that Canadians continue to have a love affair with real estate despite the government attempts to soften the real estate market.
Timing is important and right now might be the best time for people to buy or definitely have a good look at their current mortgage

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