When Will Mortgage Rates Fall?
Jul 3rd, 2009 | By admin | Category: RatesAs bond yields have been decreasing many Canadians have been asking why haven’t mortgage rates dropped accordingly. There are actually a couple of reasons for this.
As bond yields have been decreasing many Canadians have been asking why haven’t mortgage rates dropped accordingly. There are actually a couple of reasons for this.
Canadian 5 year bond yields have been creeping up over the last few weeks which will likely result in mortgage rates in Canada increasing. Keep reading for a brief explanation of how bond yields affect your mortgage rate.