Thursday, May 3, 2012

What is going to happen to our mortgage rates?

Bank of Canada May Raise Interest Rate Sooner Than Expected-BMO Economics

- BMO Economics changes rate projection; interest rates could climb by January 2013 or even sooner - According to the BMO Housing Report, current conditions heavily favour fixed mortgage rates over variable - Two-thirds of Canadians are looking to lock-in to a fixed rate mortgage  Read the rest of the story here . . .

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