No Spooky, Scary October Mortgage Rate Surprises

RateSupermarket.ca's Expert Mortgage Panel Says Canadians Should Give Thanks for Predictability

(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 10/10/12 -- Economic factors affecting have seen little change over the past month, prompting expert panel to believe stability is in store for both fixed and variable rates. Fixed mortgage rates are to remain constant as Government of Canada bond yields remain low due to steady investor interest. Slowing economies in the Eurozone, Asia and in Canada indicate the Bank of Canada will not raise its overnight lending rate, and variable mortgage rates will not change in the foreseeable future.

Fixed: Unchanged

No major movement is anticipated for fixed as Government of Canada bond yields remain steady, and the economy shows signs of a slowdown. However, with October 31 marking year-end for most lenders, we may see some aggressive pricing for closing prior to the end of the month.

Variable: Unchanged

With no positive change seen on the international economic scale, and with Canada's own economy showing signs of slowing, the Bank of Canada is not expected to raise its overnight lending rate. As a result, variable mortgage rates are not anticipated to change.

About the Mortgage Rate Outlook Panel

The Panel includes some of the country's top mortgage experts, and helps Canadian consumers make informed decisions by offering a short-term outlook for fixed and variable .

This month's panel members:

About RateSupermarket.ca ()

Over 2.5 Million Canadians have found their best rate for personal finance products on . Launched in 2008, RateSupermarket.ca is Canada's largest and most comprehensive rate comparison site, offering visitors transparent access to the as well as , , and .



Contacts:
RateSupermarket.ca
Kelvin Mangaroo
Cell: 416-844-2931

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 10.10.2012 - 17:03 Uhr
Sprache: Deutsch
News-ID 191332
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