Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - What's your forecast for mortgage rates for the next 12 to 18 months? Advice wanted.

Rerun · 05-07-2009, 02:51 PM

I'll be getting a new mortgage within the next month and I'm thinking of signing a 2.9% fixed 1 yr closed mortgage.

Personally, I don't think we will see a rate increase in the next 12 months. At the end of my term, I'll look at the trend and decide if I want to lock into a fixed 4 or 5 year mortgage (best current rates for a 4 or 5 year mortgage are in the 3.59 to 3.79% range....) or continue on with another 1 year closed mortgage.

What do you think is going to happen to interest rates in 12 to 18 months from now?

05-07-2009, 02:51 PM	#1
Rerun Often Thinks About Pickles Join Date: Jan 2007 Location: Okotoks Exp:	What's your forecast for mortgage rates for the next 12 to 18 months? Advice wanted. I'll be getting a new mortgage within the next month and I'm thinking of signing a 2.9% fixed 1 yr closed mortgage. Personally, I don't think we will see a rate increase in the next 12 months. At the end of my term, I'll look at the trend and decide if I want to lock into a fixed 4 or 5 year mortgage (best current rates for a 4 or 5 year mortgage are in the 3.59 to 3.79% range....) or continue on with another 1 year closed mortgage. What do you think is going to happen to interest rates in 12 to 18 months from now? Last edited by Rerun; 05-07-2009 at 04:24 PM.