 鲜花( 0)  鸡蛋( 0)
|
转贴 Mortgage rates jump again
http://www.cbc.ca/money/story/2007/05/29/mortgages.html
" I* s0 y# b) s& ?9 Y& W" v% X0 m' e4 N
" {) Q3 y! e% P% }2 l- ^, [# H4 B1 eLast Updated: Tuesday, May 29, 2007 | 4:28 PM ET- L% W- k4 n# k9 k9 f7 v
CBC News: @ w! y" I7 E- |3 g
! F' [4 W" ?* C3 a% F0 _: i4 SMortgage rates went up Tuesday for the second time in two weeks as the Bank of Canada sent a strong signal that borrowed money is about to get more expensive.
4 ^3 R" v9 ^) X" A# U F. R5 I! O' ~9 r& B6 n j* t* I
RBC Royal Bank, TD Canada Trust, BMO Bank of Montreal and CIBC have all raised mortgage rates by up to three-tenths of a percentage point, effective Wednesday.
* z' H/ A4 a. O" R1 L
' }+ `; s3 L5 D& B! sThe posted rate for a five-year closed mortgage is now 7.14 per cent. The banks had boosted the rate for the five-year term to 6.84 per cent less than two weeks ago.* a' k* K3 u0 Z1 D- U' ]
% B2 P2 L0 ?. g; q% f' K: R* T2 u- ]7 {Other banks are expected to follow with rate hikes of their own.
; T4 ?+ R$ @& T% N" w8 A0 A$ v, ^' a2 P+ o: {* f# ~2 X8 q- F
Yields in the bond market, where mortgage financing is determined, jumped Tuesday after the Bank of Canada delivered a strong hint that it may boost interest rates soon — and perhaps more than once this year — to fight inflation.
8 \; e" X( R! \' u4 F
6 h! ?: B& z9 mThe yield on the benchmark two-year Government of Canada bond jumped more than a tenth of a percentage point to 4.57 per cent. It was just 4.18 per cent at the start of May. P* v& q* I3 f/ h/ q, l
/ \ R/ H! D$ a7 {% w1 s6 C8 FThe posted rate for a five-year closed mortgage is now lower than those for two-year, three-year or four-year mortgages. That type of inversion is unusual, as banks usually charge more for locking in rates for longer terms. |
|