Mortgage Rates to stay flat 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 […]
RBC Economics has pushed back its forecast for the next interest hike from the Bank of Canada to early fall due to resurgent downside risks to the recovery. In a research note, RBC says, “Faced with the revival in nervousness about the prospects for the global economy, particularly the European financial and government sectors, and […]
Benjamin Tal, Deputy Chief Economist at CIBC World Markets, has predicted that the 5 Year fixed mortgage interest rate will go up by between 50 and 80 basis points starting in July. The Bank of Canada may also move to increase the prime rate which affects variable rates and some lenders are reducing their variable […]