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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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/ E0 h; m( t9 b- O; CLast Updated: Tuesday, May 29, 2007 | 4:28 PM ET. d- f5 T& T/ J7 z, y! g; K
CBC News
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, k; A* r; c% x' U- m0 E* hMortgage 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.) w7 q: q% y* e6 b' ~1 {) @& I6 O, B
& q/ A* J g8 @. @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.* m" c, M7 n* H4 O' Q; s1 l
. u) n8 H; d. F# fThe 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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Other banks are expected to follow with rate hikes of their own.' i6 {) N3 S5 X8 `8 `2 D" q6 _" m
: Q$ K0 w! J) W. ?5 N( p4 \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.
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5 v1 D% H, S, O' Y3 ]$ n: ZThe 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.
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- F( A+ J, S0 j8 y: k5 yThe 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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