Mortgage rates set to increase due to volatile bonds market

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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COMMENTS

  • by Hans 2015-05-16 8:48:20 AM

    Sounds like a sales pitch for banks to fear engineer us to pay higher rates for locked in mortgages .

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