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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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Last Updated: Tuesday, May 29, 2007 | 4:28 PM ET
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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.0 c* V$ d# ?, v- u6 n# H% y/ O
' e4 @5 K7 A$ v% `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.6 D" ~( s( z4 m5 d# P! y' n
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The 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.4 U) J& ?' L! p6 T
* T7 C& ]: @* D8 ]3 u1 w/ m% iOther banks are expected to follow with rate hikes of their own.
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- ^0 o, k4 B) Q1 R. y5 E) LYields 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.$ [6 E X W$ t, D6 Y" g5 F
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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. * O4 W5 Z) I( N0 x- O
" b4 O- F! O) ]. v' CThe 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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