Forecast In Canadain Mortgage Rates

There has been a lot of forecasting by economists on the direction of mortgage rates in Canada over the next 24 months. They range from Prime going up by as much as 3.00% from our current 2.25% level. The five year fixed rate range from going up another 1.25% from today's 4.35% level. These are forecasts and can change at anytime. You need to remember rates do go up and down on a consistent weekly basis. Factors in the world, like the recent 1 trillion bailout of Europe affect the direction of rates. You need to work make sure that you look at your own circumstances and future when choosing the right mortgage product.