Mortgage Rates & Mortgage Broker News in Canada |
| Bond Yields Surge, Mortgage Rates Rising in Response Posted: 23 Feb 2021 05:50 AM PST Canadian bond yields hit their highest level since April in recent days, and a number of lenders have responded by starting to raise some of their mortgage rates. CMLS, MCAP and First National were among the non-bank lenders to increase at least some of their rates, with their broker rates rising 10-30 bps. The 5-year bond yield, which leads fixed mortgage rates, closed at 0.67% on Monday, a 10-month high. As funding costs rise, lender margins get squeezed to the […]  |
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