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转贴 Mortgage rates jump again
http://www.cbc.ca/money/story/2007/05/29/mortgages.html
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2 R" F0 v" S' _Last Updated: Tuesday, May 29, 2007 | 4:28 PM ET
8 p1 ]8 X7 W' e. Q9 bCBC News
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Mortgage 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.
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R. Y3 K- z% D& X" G3 f5 M# {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.
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& A3 T! c4 M$ j# b; l3 v- D* r/ AThe 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.
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+ m. {0 v0 G$ q6 POther banks are expected to follow with rate hikes of their own." B4 O; I" M, E- O* Z' |
. C* A6 Q. Q# R4 F6 p/ T, l% jYields 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.
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The 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. ) ]8 `) G( x8 i5 |- K
& a% i w+ M1 Y# Y7 OThe 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. |
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