​Mortgage rates set to stay lower for the next six months

​Mortgage rates set to stay lower for the next six months

​Mortgage rates set to stay lower for the next six months Renewing a home loan shouldn’t be too painful for the next six months according to a new report from The Canadian Association of Accredited Mortgage Professionals. It’s predicting that the low rates should continue well into 2015 and that means those that have been used to paying at a higher rate can look forward to savings and that will be good news for the economy as a whole. Recent surveys have shown that Canadians are reducing their mortgages faster so many renewing at lower rates are likely to use the extra money to pay down loans.