Mortgage rates set to increase

Analysts are predicting that volatility in the government bonds market is about to lead to higher mortgage rates.

Five-year Canadian government bonds have increased sharply in the last month and, with mortgage rates tracking the bonds, it could be bad news for homeowners on variable rates.

Some experts are suggesting that now would be a good time to speak to a mortgage broker about locking in a guaranteed rate.­­

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Sam Soliman

Sam Soliman

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CENTURY 21 Leading Edge Realty Inc., Brokerage*
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