Mortgage News

Lenders are continuing to slash mortgage rates by the day following a massive bond rally on Monday that drove Canadian yields to record lows. Bond yields, which lead fixed mortgage rates, hit a low of 0.27% for the 5-year note and 0.23% for the 10-year. By comparison, they started the month at 1.07% and 1.12%, respectively. As a result, the lowest 5-year fixed rate for an insured mortgage is now 2.03%, while uninsured mortgage rates (those with more than 20% […]

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