Bond market update and mortgage rates
Posted by Robert Clancy on Dec 20, 2011 in Blog | 0 comments
Bond yields have dropped by a few basis points over the course of the last week due to a lack of surprises in the data and markets wind down ahead of the holiday period.
Expect the ongoing situation in Europe to continue to dominate markets and policy decisions well into the new year.
As a result mortgage rates will remain low for 2012
Current Mortgage Rates
Bank Rates |
Term |
Our Rates |
|
3.50 |
1 year |
2.79 |
3.55 |
2 year |
2.59* |
4.05 |
3 year |
2.89 |
4.79 |
4 year |
2.99 |
5.29 |
5 year |
3.19 |
6.35 |
7 year |
3.84 |
6.75 |
10 year |
3.89 |
N/A |
Variable (3yr -closed) |
2.80* |
3.00 |
Variable (5yr -closed) |
2.85 |
4.00 |
Variable (Open) |
3.75 |
Prime = 3.00% | ||
Mortgage Blog Posts
- Fixed rates possibly moving upwards: It looks like fixed rates may be possibly moving upward... #mortgages #toronto
http://t.co/3YxxYFZM - Europe seals new Greek bailout deal to avert chaotic default via @globeandmail
http://t.co/AFAcR8lQ - What is mortgage amortization?: Mortgage amortization is the length of time that a mortgage ... #mortgages #toronto
http://t.co/1uM0h992