After the American Bonds have influenced the world financial market since last several days, the Canadian Bond Yields are dropping down significantly during the last 3 days. On Aug. 2, 2011, the Yield for 5 years dropped from 2.05% to 1.86%; on Aug. 4, 2011, it continually dropped from 1.88% to 1.66%. If this influence continues, all fixed rates will dramatically drop down and people in Canada have a chance to pay less interests for the next few years. Please read the Canada Bond Yield on the website of Bank of Canada: the data of Canada Bond’s Yields from Bank of Canada. The CBMR Mortgage Team will continually offer the lowest mortgage rates to Ontario residents.
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Fixed Rates DROPPING DOWNComments are closed. |
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