HBM Sees Interest Rates Holding Steady Through the Spring

Home Base mortgages, one of Ontario’s leading mortgage brokerages, see’s interest rates holding steady through the spring.
 
There’s good news for home buyers this spring. The near record low mortgage rates that have helped the housing market in Canada, is expected to remain low for the foreseeable future. With the Bank of Canada’s interest rate holding steady at 1% since 2010, this had led to some of the lowest borrowing in the history of Canada.  It is expected that over the next couple years interest rates will remain low, however, will eventually begin a slow upward trend towards 2014.  This will help the home mortgage market stay strong and competitive.
 
That’s the prediction given by Bank of Canada Governor Mark Carney to the Canadian Senate finance committee on April 25, 2012. In the session that saw the central bank governor discussing several issues related to the economy, the challenges faced in the global economy and the state of the Canadian workforce, Carney revealed that if there would be any changes in interest rates, it would only be modest. In the said appearance, he also called for the Senate to withdraw some of the considerable policy stimulus in effect in the country, which are designed to address the impact of the global financial crisis.
 
Home Base Mortgage shares the same view as that of the Bank of Canada Governor. Despite the tough competition coming from developing countries in Asia and South America, the firm believes that Canadian companies are going through or is at the process of implementing a major transformation that is designed to give them more competitiveness in the global market. The firm is counting on these facts and the support of the Canadian Government, by demanding better performance, to rally behind the steady interest rates in private mortgages seen through spring 2012.
 
With that in mind, it is time to grab this opportunity as it maybe too late to grab a home mortgage with interest rates that does not go as high as the sky. Together with Home Base Mortgage, you no longer need to worry about spending too much time going around processing whatever legal documents you need. With solutions designed for commercial, residential and industrial real estate owners, the firm has over 60 years of experience in dealing with simple to complex, local, national and international real estate deals.
 
Home Base Mortgages is a one-stop shop for all your mortgage needs, including private mortgages and second mortgages.

Contact Information

Mike Smith

Marketing Coordinator

Home Base Mortgages

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