Will the Bank of Canada's rates be moving again soon?

Author: External Author | | Categories: Debt Consolidation , First Time Home Buyer Mortgage , Mortgage Broker , Mortgage Rates , Private Equity Investors , Private Mortgage Lending , Refinance Mortgage , Reverse Mortgage , Self Employed Mortgage

More than half of economists remain firm in their belief that the Bank of Canada’s record-low rates will hold for two or more years, according to a new survey by Finder. Around 52% of economists polled said that the central bank will keep the overnight rate frozen in its rate announcement later this week, with the hold lasting up to at least 2023

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Original Article Source Credits: mortgagebrokernews.ca, https://www.mortgagebrokernews.ca

Article Written By: Ephraim Vecina

Original Article Posted on: 08 Mar 2021

Link to Original Article: https://www.mortgagebrokernews.ca/news/will-the-bank-of-canadas-rates-be-moving-again-soon-353667.aspx