Monday, October 12, 2009
Saturday, October 10, 2009
Interest Rate Increase
Good Morning
Please be advised that the Government of Canada 5 year yields have increased by over 30 bpts over the last couple of days and currently sit at 2.86%. Should this trend hold, you will most likely see the interest rates in the market on the 5 year fixed rise 25-30 bpts in the coming week by all lenders. Royal Bank of Canada has increased their 5 year special and posted rates by 35 basis points effective today.
On the variable rate mortgage side, spreads are stable based on the 30/90 day paper and there is no short term expectation that ARM/VRM rates will rise.
5 Year Government Of Canada Bond Yields:
2 Oct 2009: 2.50
5 Oct 2009: 2.48
6 Oct 2009: 2.55
7 Oct 2009: 2.54
8 Oct 2009: 2.63
9 Oct 2009 2.86
Please be advised that the Government of Canada 5 year yields have increased by over 30 bpts over the last couple of days and currently sit at 2.86%. Should this trend hold, you will most likely see the interest rates in the market on the 5 year fixed rise 25-30 bpts in the coming week by all lenders. Royal Bank of Canada has increased their 5 year special and posted rates by 35 basis points effective today.
On the variable rate mortgage side, spreads are stable based on the 30/90 day paper and there is no short term expectation that ARM/VRM rates will rise.
5 Year Government Of Canada Bond Yields:
2 Oct 2009: 2.50
5 Oct 2009: 2.48
6 Oct 2009: 2.55
7 Oct 2009: 2.54
8 Oct 2009: 2.63
9 Oct 2009 2.86
Friday, October 9, 2009
Subscribe to:
Posts (Atom)
