Bank of Canada Pauses, Home Mortgage Rates to Remain Low For Now
A pause in the Bank of Canada’s course of raising interest rates should ensure continuing low mortgage rates into 2011.
Read moreBank of Canada, Home Mortgage Rates Likely to Remain Unchanged
Home mortgage rates will most likely remain near historic lows moving into 2011, as the Bank of Canada is likely to leave its market-setting overnight lending rate unchanged at its October rates meeting, tomorrow.
Read moreWill Seven-Day-a-Week Retail Banking Compete with Online Mortgage Brokers?
While some major banks switch to seven-day-a-week branch services, ‘bricks and mortars’ retail banking is unlikely to compete on home mortgage rates offered by non-bank lenders through online mortgage brokers.
Read moreEconomists Forecast a Pause in Bank of Canada Rate Increases
Scotiabank economists predict hold on further Bank of Canada rate hikes, giving time to consider home mortgage and refinancing options.
Read moreHome Mortgages, Second Mortgages etc., Likely to Remain Near Historic Lows
Home mortgage products (first and second mortgages etc.) are likely to remain below historic norms well into 2011, as analysts forecast a halt in further Bank of Canada rate hikes until some time next year.
Read moreForecasts of Pause in Rate Hikes, Mean Continuing Low Mortgage Rates
Comments by Bank of Canada Governor, Mark Carney, have economists forecasting that further interest rate hikes are on hold, which is positive news for home mortgage rates.
Read moreMortgage Rates Below Historic Norms, as Housing Markets Rebound
Mortgage rates remain well below historic norms, as “Canada’s residential real estate markets are set to return to more normal levels of activity.”
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