Low Interest Rates: Here to Stay?

March 18, 2013

Mortgage Monday

According to a recent survey done by CIBC, almost half of Canadians believe that today’s low rates will remain unchanged over the next year (a notable increase from the same poll two years ago when only 24 per cent of Canadians believed interest rates would remain low).  What do you think – are rates going to stay this low into 2014?

Some other highlights of the poll include:

  • 45 per cent of Canadians said they would choose a fixed rate mortgage if they had to decide today
  • 26 per cent of Canadians said they would choose a variable rate mortgage
  • Another 25 per cent said they were uncertain which mortgage would be right for them, an increase over the 16 per cent who were undecided in 2012

You can read the full report online here.

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About Tim

Tim is a mortgage agent in Barrie who specializes in helping first-time home buyers. He works with a variety of lenders and can help customize a mortgage with the best rates & options that fit the needs of each customer.

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