Wednesday, April 04, 2007

Interest Rates - current sentiment and future forecast

I was browsing the web this morning searching for interest rate news and came across this very interesting website in the US

The site is called and each week they survey mortgage experts to gauge the state of mortgage rates over the next 30 to 45 days: Will rates rise, fall or remain relatively unchanged?

This week (March 29 - April 4) the experts say: Rates probably aren't going anywhere.


Down: 29%
Up: 21%
Unchanged: 50%

This week, half of the panelists believe mortgage rates will remain relatively unchanged (plus or minus 2 basis points) over the next 35 to 45 days. The rest are evenly split among those who think rates will rise and those who believe rates will fall.

They even graph paste results so you may see trends in what the 'experts' are thinking and predicting.

This may be something that you want to look at on a regular basis as the experts tend to know where the rates are heading.

You may see the current rates here in Canada and the best mortgage interest rates at this page

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829

1 comment:

  1. I've been following Mark's newsletter for a while, and I have to say that in my personal estimation, Mark is one of the brightest and knowledgeable agents in the market who seems to exhibit some of the best qualities of a true salesman: genuine, helpful and eager to ensure that he sells only the right products. Good on you Mark. And thank you for your newsletter. It is a public service.