Tag Archives: Rate Outlook

Fixed Mortgage Rate Outlook – April 2012

The Five year fixed mortgage rate has increased by 0.25% over the past week and is no longer flirting with the infamous 2.99% mark.  Although the popular 5 year fixed mortgage rate will continue to move erratically, the outlook for the next 6 months is a slight increase of 0.10% to 0.25%. The 5 year fixed mortgage rate is driven by the 5 year bond rate.  These bonds have bounced … Read More

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Variable Mortgage Rate Outlook – April 2012

The forecast for variable mortgage rates remains flat, just as it was last month, and the month before that.  Variable mortgage rates float with a lender’s prime rate of interest, which is tied directly to the overnight rate set by the Bank of Canada.  In a speech today in Waterloo, Mark Carney, the Governor of the Bank of Canada said “All indicators point to inflation expectations remaining well anchored”.  With … Read More

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Fixed Mortgage Rate Outlook – February 2012

Like variable mortgage rates, the outlook for fixed mortgage rates is flat over the short term.  The longer term outlook for fixed rates however is a little less certain.  Fixed mortgage rates have been flirting with record lows for the past 30 days so it wouldn’t be surprising if over the near term there was some modest increases.  However to get a better sense of where fixed rates are going … Read More

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