Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

All I Want for Christmas Are Historic Low Mortgage Rates RateSupermarket.ca's Expert Mortgage Panel Points to Steady Rates


Print article Print article
© Marketwire 2012
2012-12-10 18:02:18 -

TORONTO, ONTARIO -- (Marketwire) -- 12/10/12 -- December is a month of surprises, but that won't extend to changing mortgage rates : this holiday season. Uncertainty regarding European fiscal growth lingers, and Canadian bond yields have remained consistent, leading to no change in fixed mortgage rates. Variable mortgage rates are also stable, due to slower than expected economic growth and the Bank of Canada keeping the Overnight Lending Rate at one per cent in the December 4th Rate Announcement.

Fixed Mortgage Rates: Unchanged
Stable Government of Canada bond yields have lead to a neutral interest rate environment. As a new record low of 2.77 per cent was reached early in the month for five year fixed mortgage rates : www.ratesupermarket.ca/best_mortgage_rates/fixed_closed/ , our experts anticipate rates will hover around the three per cent mark for preferred clients, with no notable change for the month of December.
Variable Mortgage Rates: Unchanged
The Bank of Canada has once again maintained the Overnight Lending Rate target at one per cent, and historically low discounted fixed rates provide consumers with little incentive to choose variable mortgage rates : www.ratesupermarket.ca/best_mortgage_rates/variable_closed/ . As Canadian economic growth remains weak, it is not anticipated that variable rates will change in the near future.
About the Mortgage Rate Outlook Panel : www.ratesupermarket.ca/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 mortgage rates.
This month's panel members:

--  Dr. Ian Lee, Director of the MBA program at the Sprott School of
    Business and Chair of the MBA Committee 
--  Mary Zenar, Mortgage Broker, Zenar Financial 
--  Dan Eisner, MBA. AMP. President, True North Mortgage 
--  Elisseos Iriotakis, President, Safebridge Financial 


About RateSupermarket.ca ( www.ratesupermarket.ca : www.ratesupermarket.ca )
Over 2.5 Million Canadians have found their best rate for personal finance products on RateSupermarket.ca : www.ratesupermarket.ca/ . 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 credit cards : www.ratesupermarket.ca/credit_cards/ , bank accounts : www.ratesupermarket.ca/savings_accounts/ , insurance quotes and GIC rates : www.ratesupermarket.ca/gic_rates/ .


Contacts:

RateSupermarket.ca

Kelvin Mangaroo

Cell: 416-844-2931
Kelvin@RateSupermarket.ca :

www.ratesupermarket.ca



Press Information:




Contact Person:


Disclaimer: (c) 2014 Market Wire. All of the press releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Market Wire's, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com