Fixed Mortgage Rates Increasing… Again!

Fixed Mortgage Rates Continue to Increase Yet again we are seeing bond yields increasing, this time more sharply. We are seeing lenders increasing their 5 year fixed mortgage rates since the last increase from around 3.19% to the 3.49% range. In the chart below you...
Mortgage Rates on the Rise

Mortgage Rates on the Rise

As you can see in the chart, since the beginning of June we have seen the Canadian Bond Yields on an upward swing to the tune of around 20 basis points. By now virtually every bank/lender have increased their 5 year fixed rates by at least 10bps. If the upward trend...