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Interest Rates increase in 2012 Really?
We are expecting a significant mortgage rate increase in the next week. It is extremely important that you act on this now!
Spreads on our bond yields which we use to set interest rates for all lenders are under water now.Today the largest courier company Ups purchased a large courier company in Denmark, to make it the largest company in North America
When we see the logistics companies and courier companies grow as in in this example that is a tell tale sign that the economy is improving.
http://www.businessweek.com/news/2012-03-18/ups-said-to-reach-deal-to-buy-tnt-express
This is contrary to what the economist for CMHC indicated in late 2010 which was a freeze on interest rates over the next 14 months. This prediction was done prior to the fact that Interest rates kept dropping to the levels that exist now, along with many signs of an improving economy.
Mortgage trends is an excellent link as the brokers here many who work for the RBC Alternate Mortgage Lending side tell the true picture. Check out what they say
http://www.canadianmortgagetrends.com/canadian_mortgage_trends/interest_rate_direction/
We saw BMO launch a 5 years rate at 2.99% in January only to find out as a strip down mortgage it lacked many of the features of a mortgage. They ... more

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