Since the BoC is predicted to raise rates towards the Fall of 2015, it makes sense that buyers will see an increase in the posted and discounted
residential mortgage rates in late spring or mid-summer.
Four of Canada's biggest banks are once again
lowering residential mortgage rates at a time when falling government bond yields are cutting funding costs for financial institutions.
It can be complicated to search for
a residential mortgage rate without experience.Mortgage brokers, like those who work here at FamilyLending.ca, can assist with this process.
What I do know — and learned people have confirmed this — is that
residential mortgage rates will rise before the Bank of Canada (BoC) will raise it's rates.
Residential mortgage rates are declining a little (though rates are above the levels when Bernanke and Paulson introduced their «scare tactics.»)
The first quarter of 2013 has shown a clear increase in
residential mortgage rates.