5 Year Fixed Rates Drop --Again

After speculation that interest rates would finally begin going up earlier this year from many experts and economists(http://business.financialpost.com/2012/03/27/mortgage-rates-have-nowhere-to-go-but-up/), it appears --at least for the time being, that lower rates are still to come. As of today, 5 year fixed rate mortgage rates have fallen as low as 2.99%*, and with increasing pressure on financial institutions across Canada to meet targets in our tepid market, many people now expect to see even further rate drops on the horizon. For more information about mortgage interest rates, contact one of the Edmonton Mortgage Brokers at Alberta Mortgage at 780-479-2222, or visit http://www.albertamortgagecentre.com. *subject to qualification criteria