Variable mortgage rates VS Canadian Gov't Bonds

The sharp rise in Canadian government bonds is likely to push mortgage rates higher in the coming weeks. Five-year bonds have increased by 40 basis points in the past few weeks and with variable rate mortgages tracking the bonds some analysts are advising that consumers should be considering locking in rates now. 

 

Credit: Mortgage Broker News.ca (Jamie Henry)

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Randy Stevenson

Randy Stevenson

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CENTURY 21 Acclaim Realty Limited
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