Monday, July 4, 2011

Possible Rate Hikes

Hope everyone had a great long weekend.

Canada bond yields were up sharply last week so watch the interest rates, there could be some more increases beyond the couple we have already seen. Perhaps the end of the US Fed's QE II program at the end of June has bond investors nervous, or perhaps Mars in is the evening quadrant again, but whatever the reason investors have been selling Canada bonds recently and it may soon  be enough to affect mortgage rates.

Current Rates:

5 yr VRM    – 2.25%
1 yr closed – 2.64%
3 yr closed – 3.89%
5 yr closed – 3.59% No Frills with Frills
5 yr closed – 3.69% 30 day quick close fully loaded options

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