Sunday, October 18, 2009
Mortgage Rate Forecast
Prospective homebuyers took advantage of historically low mortgage rates through the summer months, fuelling a rebound in housing activity in BC across Canada.
The BC Real Estate Associations (BCREA) expects a low interest rate environment to persist through 2009 and into 2010.
Mortgage rates are forecast to fluctuate within a narrow range near current levels for the remainder of the year, before rising modestly through 2010 as the economy improves.
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