Canadian interest rate forecast for August 2013

VANCOUVER, BC, July 31, 2013/ Troy Media/ – After the fireworks in June’s bond market, July was relatively tame. Rates held steady on the long-end while easing on the short-end of the yield curve amidst U.S. Fed clarification on the path of quantitative easing (QE) tapering and a flow of generally downbeat global economic data. Central banks have signaled accommodative policies through the nearto- medium term, providing little impetus for change in our rate outlook.

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Mortgage rates: Nowhere to go but up?

This week’s sharp increase in mortgage rates — the biggest one-week leap in 26 years — won’t likely be repeated, but a long era of historically low rates may be over.

Mortgage giant Freddie Mac said Thursday that the average 30-year fixed rate mortgage rose to 4.46%, the highest in almost two years, and up from under 4% the week before.

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