July Mortgage Rates Rise With Summer Heat

Rates to Remain High as Result of Bond Market, Says RateSupermarket.ca's Expert Panel

(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 07/16/13 -- The effects of sky high bond yields are resounding in mortgage markets across Canada as lenders respond to interest-shy investors with a hike to - an upward trend far from the "race to the bottom" fixed rate wars prevalent only a few months ago. Variable mortgage rates, however, will uphold the status quo as no change is anticipated in the upcoming Bank of Canada rate and monetary policy announcement on July 17.

Fixed Mortgage Rates: Up

Bond investors are still reeling from U.S. Federal Reserve Chairman Ben Bernanke's comments of scaling back the government bond buying program. Fear of rising interest rates prompted a mass exodus from bonds, driving yields up in international markets. As a result, Canadian have increased from their previous record lows, with some offerings broaching the 3 per cent mark.

Variable Mortgage Rates: Unchanged

While incoming Bank of Canada Governor Stephen Poloz has indicated that are to rise eventually, the Canadian economy has not seen enough progress to prompt an end to stimulus measures. It is not anticipated that the Overnight Lending Rate will rise in this month's announcement, and is to remain at the current level of one per cent until 2014.

This month's panel members:

.

About RateSupermarket.ca ()

Over 3 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 best mortgage rates as well as , , insurance quotes and GIC rates.





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

Weitere Infos zu dieser Pressemeldung:

Themen in dieser Pressemitteilung:


Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: Marketwired
Datum: 16.07.2013 - 17:00 Uhr
Sprache: Deutsch
News-ID 278931
Anzahl Zeichen: 0

contact information:
Town:

TORONTO, ONTARIO

Kategorie:

Internet

Diese Pressemitteilung wurde bisher 225 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"July Mortgage Rates Rise With Summer Heat"
steht unter der journalistisch-redaktionellen Verantwortung von

RateSupermarket.ca (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Historically Low Mortgage Rates: A Holiday Miracle? ...

TORONTO, ONTARIO -- (Marketwired) -- 12/03/13 -- It may be the off season for the housing market, but shoppers have good reason to turn their attention from the malls to their local real estate offerings; the cost of borrowing will remain historical ...

Are Students Flunking on Their Finances? ...

TORONTO, ONTARIO -- (Marketwired) -- 11/12/13 -- The academic session may be only half over, but many students have already determined how they'll fare financially this year. Managing tuition, loans and living expenses can prove challenging eve ...

National Interest and Mortgage Rates to Remain Low Through November ...

TORONTO, ONTARIO -- (Marketwired) -- 11/07/13 -- The economy isn't quite ready for the training wheels to come off; that's what is indicated by Canadian and American policy makers who both announced no change to stimulus measures this mont ...

Alle Meldungen von RateSupermarket.ca