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Mortgage rates are likely going to stay relatively flat until late in 2012, says a federal agency.

For 2012, the one-year posted rate is expected to be in the 3.4 to 3.8 per cent range, while fiveyear money will likely cost between 5.2 and 5.7 per cent, says Canada Mortgage and Housing Corp.

Short-term and variable rate mortgages are expected to hold at historically low levels.

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