Welcome to my blog
Marco Pontillo Real Estate with Sutton West Coast Realty :
The path of future mortgage rates will largely be determined by changes in government bond yields. These yields have moved significantly higher in recent months, but they are also susceptible to current world events, which have become more unpredictable and less stable recently that may cause them to be pushed lower.
The BCREA March 2011 Mortgage Rate Forecast report states:
A much improved economic outlook has prompted a steepening of both the Canadian and US yield curves, with large movements occurring in the 5-10 year maturities. However, some of the increase has been offset by growing risk aversion as investors flee back into safe assets to wait out events in the MENA region. The unpredictability (in both the severity and duration) of this still developing situation should translate to volatility in bond yields going forward, but we maintain that Canadian interest rates will ultimately end the year higher.
Are you or someone you know looking to invest into real estate?
Call me today
'604 551 8986
No comments:
Post a Comment