Are the days of low interest rates coming to an end for Canadian homebuyers?
If the opinions of various observers are to be believed, five-year fixed mortgage rates will likely be on their way up if inflation pressures south of the border intensify.
Writing for Move Smartly, independent mortgage planner David Larock said that the Canadian five-year bond yield’s increase from around 0.5% to 0.65% last week “has lowered gross lending spreads (and, by association, lender profit margins) to well below their normal levels.”
Original Article Source Credits: MortgageBrokerNews.ca , https://www.mortgagebrokernews.ca/
Article Written By: Ephraim Vecina
Original Article Posted on: 25 Feb 2021