Mortgage Rate. Where do they go from here??

When asking the Magic Eight Ball you may get the answer outlook unclear.  This would also be the consensus of the professionals in the the industry as well.  Rates want to rise as they have been at their lowest in years for quite a while now but with the bond yields so low and the and the housing market still slow, lenders are still trying to attract new customers.  With demand low then the rates are sure to stay low.

On the other hand variable rates may be poised to rise.  With the new, heavily contested, HST inflation for the month of July has risen to 1.5% according to Global News and the tax has slowed the intended effect of the government stimulus packages. The rates set by the central bank are linked to the health of the economy and as the stimulus packages are weened away with the gradual return of a stronger economy the central bank rates will follow suit and gradually rise.
Brad Adams a Mortgage Broker specialist will get you the best and lowest mortgage rates for real estate and refinance in kelowna and all of B.C.
Though you are still better off with a Variable rate at this time this could turn around two years down the road so the age old question of Lock-in or let it Ride still is in play.

If you would like to talk further about Mortgage Rates or any of your home financing needs please see my site at www.bradadams.ca