Mortgage Rate Trends – Bank of Canada Expected to Hold Off Mortgage Rate Increase

Mortgage Rate Trends – Bank of Canada Expected to Hold Off Mortgage Rate Increase

http://www.ratesupermarket.ca/mortgage_rate_outlook_panel/ – Our mortgage rate outlook panel believes that despite the fact that we are already seeing lower fixed mortgage rates than the ones that were here prior to the most recent rate increases, these new low fixed rates will stick around and might even drop further.

Coupled with the Mortgage Rate Outlook Panel’s belief that the Bank of Canada won’t increase rates again on September 8, holding variable mortgage rates steady, results in a flat mortgage rate environment for September 2010.

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