MP Marketing Properties presents mortgage rate forecasts!
Marco Pontillo 604 551 8986 with Sutton West Coast Realty
Canadian 1-Year and 5-Year Mortgage Rate Forecast for 2011-2012
Canadian 1-year fixed mortgage rates could increase to 4.35% by end of 2011 and rise further to 5.40% by the end of next year according to a recent BCREA report that also forecasts that 5-year mortgage rates could end 2011 at 5.90% and increase further to 6.55% by the end of 2012
The British Columbia Real Estate Association (BCREA) Mortgage Rate Forecast report released in March 2011 indicates that, “Mortgage rates have thus far evolved in-line with our December 2010 forecast, with the 5-year fixed rate reaching 5.44% and the 1-year rate hitting 3.50% in mid–February.”
Citing improved economic outlook that is putting upward pressure on rates, the report states that recent geo-political risk has threatened recent optimism but mortgage rates will slowly get back to “normal” which will lead to higher rates in 2011 and 2012.
2011 Mortgage Rate Forecast – BCREA:
Thinking of buying a property? Call me to discuss current interest rates
MARCO PONTILLO MARKETING REAL ESTATE WITH SUTTON WEST COAST REALTY
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