What’s in store for October mortgage rates? The monthly forecast has been released by RateSupermarket.ca’s expert Mortgage Rate Outlook Panel. Here’s what they have to say about fixed and variable rates this month.
October mortgage rates are to hold the status quo despite economic policy shakeups in the U.S. Read on for our forecast for fixed and variable mortgage rates.
What are mortgage experts saying for the month of October? Fixed mortgage rates are in for a dip as investors seek out safe haven government of Canada bonds, while variable rates are staying put; there has been too little economic growth to warrant a Bank of Canada interest rate change.
Economic factors affecting mortgage rates have seen little change over the past month, prompting RateSupermarket.ca’s expert panel to believe stability is in store for both fixed and variable rates.