News from Canada's Mortgage Experts
Category: Current Rates
2.99% Five Year Fixed Rate Mortgage May Not Stick Around!
Thursday, Aug. 9, 2012
Posted by: The Mysterious Monster
You may not know it but Canadian Bond Yields are actually correlated with the fixed interest rates that lenders offer on mortgages!
Recently the Canadian 5 year bond yields (the bond yields most closely related to the 5 year fixed rate) have risen - Canadians may start to see such offers as the 2.99% 5 year fixed rate mortgage disappear soon.
If you have any questions or would like to learn more, send MonsterMortgage.ca an e-mail at info@monstermortgage.ca or tune in tonight to CP24's 'Hot Property' where you can ask one of MonsterMortgage.ca's Mortgage Experts any questions you may have regarding your mortgage.
