Mortgage interest rates expected to trend upwards in 2015

Home mortgage interest rates are expected to trend upwards in 2015. This is primarily because of the anticipated growth in the economy as well as employment during the rest of 2014. It should be noted that, in spite of stronger global and domestic economic growth in the first half of 2014 the overnight interest rates were not revised upwards (at the end of second quarter 2014) by the Bank of Canada.
 
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