固定利率会回调吗？ 这是一个问题

年轻的心

  n. E, B$ t0 g
Yields Down. Rates, Not So Much

Canada’s 5-year bond yield closed near a 3-week low today, settling at 2.43%.  That’s down from its June 10 high of 2.81%.
" p9 S4 r) X& ?
' n9 x7 Q+ J1 x0 m



4 c/ n* t9 Z  d: k5 T# ]+ U1 ~While there’s been a noticeable dip in yields, there hasn’t been much reduction in 5-year fixed mortgage rates (which track yields).  
/ D6 J9 W) L/ B0 }- P: z  q) t
At the most, we’ve seen a few non-bank lenders drop 5-year rates by 0.10% lately.  The Big 5 banks have not lowered advertised rates at all.
( j. d5 V. r/ t) N' j
One lender sent an email today suggesting that banks have changed their focus from aggregating clients to profitability. Given the banks just went through a vicious market share war, they may be less inclined to discount rates now with only four months to hit their year-end income targets.
The lender went on to say: “There may be some movement soon, but banks are ensuring bond prices stay consistent before they make a move.”

Smokie

appleman

Who knows? But now the prime rate is in the history bottom for sure.

年轻的心

Will 5-Year Mortgage Rates Fall Further?

& U9 f& W$ _, Q- n4 h! q Banks last raised mortgage rates on June 9, when the 5-year bond yield was at 2.68%.
3 s+ Y" D/ k5 M( q& y1 g
Since then, the 5-year yield (which guides fixed mortgage pricing) has fallen to 2.44%, but bank rates have not budged.

2 k! N0 I7 D  y  M& S+ g3 [BMO economist, Doug Porter, told the Toronto Star it’s because banks "want to be convinced that it is not a flash in the pan and that any retreat in yields is sustained."
( K- l- D0 A/ s0 Q  x9 i6 j
: i+ Y! s6 F) p  i" u+ U2 oHe says: "I believe that we are probably not too far away from that point. It might take a little more of a deeper rally (in bond prices) to make it completely convincing."

; ]% ]2 M& Q6 b% ^The often quoted CIBC economist, Benjamin Tal, thinks yields could fall another 0.05% to 0.10%, but any drop in fixed-rates will be short-lived. "By the end of the year, we'll start seeing rates rising," he says.
  Z4 [4 p+ k6 N# }. N9 w* w, E
0 t( ]7 ?( \5 IIf rates do drop another 0.10%, it would translate into a $5.50 monthly payment savings for every $100,000 of mortgage. That’s a total savings of $478 over five years, assuming a 25-year amortization and typical fixed rates.

! Q6 b' ?2 j8 WBut remember, trying to time bond and mortgage rates is financially hazardous.  While you’re waiting, rates can move the wrong way—quickly.  
  I  |7 w/ r  b% c' w; X8 a8 F
You’re usually better served by focusing on factors that can dwarf a 0.10% rate savings, like finding a mortgage with the optimal term and just the right amount of flexibility (pre-payment options, openness, readvanceability, etc.).  Too much flexibility is a waste, and too little can cost you in the long-run.

今晚打老虎

到底涨了还是降了呢？
5 X: I9 [) ]( n5年锁定利率现在差不多都到5％了把？