Thursday, April 19, 2007

Mortgage Rates - UP or Down? Bankrate predictions - this is very interesting!

Where are mortgage interest rates heading - UP or DOWN?
I receive an email every week from about what the sentiment is of "mortgage experts" in the country. This is US based, but still very interesting.

Each week, surveys 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 (April 19 - April 25) the experts say: Lock. They're a little bit more likely to go up than go down or remain unchanged.
22% Up:
44% Unchanged:

This week, 44 percent of the panelists believe mortgage rates will rise over the next 35 to 45 days. About one-third think rates ill remain relatively unchanged (plus or minus 2 basis points) and the rest believe rates will fall. Read more

You may see our mortgage interest rate trends in Canada

Toronto Real Estate Board (TREB) Average Prices and Graph

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

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