Posted by: Daryl & Wendy Ashby | December 24, 2009

Mortgage Rates

Mortgage Rates

Mortgage rates have fallen over the course of 2009, but are now expected to remain relatively stable for the rest of the year. Posted mortgage rates will gradually increase through 2010, but will do so at a slow pace. For 2010, the one-year posted mortgage rate will be in the 3.50-4.25 per cent range, while three and five-year posted mortgage rates are forecast to be in the 4.50- 6.00 per cent range.

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