Mortgage rates to remain stable

Mortgage rates are expected to remain within 25 to 75 basis points of their current level for the remainder of 2009 according to CMHC's second quarter Housing Market Outlook, keeping them very low in a historical context. Rates are expected to remain steady this year and edge higher in 2010. 

I hope you find this information useful.  Thanks for stopping by.

Constantine Isslamow

Broker/Manager