Positive economic data from both sides of the border has forced government bond yields up. This will most definitely halt our falling mortgage rates, but will we begin to see an increase?
Combine the security of a fixed rate mortgage with the current low interest rates of a variable mortgage and you get the new 50/50 mortgage. With an effective rate of only 3.38% you can save money on your mortgage while only 50% of the total amount is subject to interest rate risk (compared to 100% if the mortgage was totally variable).
| 6 Months | 4.60% | 3.85% |
| 1 Year | 3.65% | 2.49% |
| 2 Years | 3.95% | 2.95% |
| 3 Years | 5.04% | 3.69% |
| 4 Years | 5.14% | 3.89% |
| 5 Years | 5.39% | 3.69% |
| 7 Years | 6.30% | 4.95% |
| 10 Years | 6.50% | 5.20% |
| Variable | NA | 1.80% |
