Jared Dreyer of Dreyer Group Mortgages offers advice on Financial topics that affect Canadian loans, mortgages and investments.
Friday, April 23, 2010
Canadian Mortgage Rates Heading Lower?
What goes up quickly will come down slower. Even though we have seen the fixed rates go up by .85% over the last two weeks, there is now a calmness settling in the marketplace. All the people that were scared and locking in drove the 5 year bond yield up, now that the rush is over the bond yield on mortgages is dropping.We have even seen lenders in Canada today dropping the rate on 5 year fixed mortgages. Look for more lower rates as we head into the spring mortgage campaigns of the lenders.
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