With fixed mortgage rates near historic lows in Canada, one might think they can’t possibly get any lower. Wrong. According to RateSupermarket.ca’s Mortgage Rate Outlook Panel for December 2011, we may see fixed mortgage rates decrease in the short term.
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CAAMP released its fall consumer report today, The Annual State of the Residential Mortgage Market in Canada. So what’s on the horizon for the mortgage market? Here are the top highlights from this quarter’s report.
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Today’s best current mortgages for Canada on RateSupermarket.ca: Closed Variable mortgage rate: True North Mortgage @ 2.24% Closed Fixed mortgage rate: True North Mortgage @ 4.69% Open Variable mortgage rate: True North Mortgage @ 4.15% Open Fixed mortgage rate: Manulife …
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