Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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five-year-bond-yields-canada-BoC-June-2013

Last week TD and RBC decided to hike their fixed rates – officially. This comes as no surprise as the bond market was slowly losing momentum and yields were going up. A 10 BPS jump in one day pushed the big Canadian lenders to take action. As a result they decided to raise their mortgage rates.

This does not mean that brokers or in-branch specials have disappeared. Rates are still the same as last week but that may not last long.