After the lowest mortgage lender – IA terminated the promotion rate of Prime-0.95% on last Thursday, most lenders increased their 3 year and 5 year variable rates from Prime-0.75% ~ 0.90% to Prime-0.60% ~ 0.75%. From May 2, 2011 (Monday), all lenders will publish or execute the new variable rates. CBMR Mortgage will publish those changes tomorrow. For the fixed rates, they will still keep stable. But based on the data of Canada Bond’s Yields from Bank of Canada, the yields have been slightly down for a week. So the fixed rates may decrease slightly if the yields continually go down. Please follow up the changes of Bond’s Yields next few weeks to estimate the trends of fixed rates.
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Canadian Variable Rates Are Going Up, Fixed Rates Keep StableComments are closed. |
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Rates Are Subject To Change At Any Time Without Notice & Are O.A.C.
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