 鲜花( 0)  鸡蛋( 0)
|
转贴 Mortgage rates jump again
http://www.cbc.ca/money/story/2007/05/29/mortgages.html) a7 G0 r# |# _; N8 a% n
3 A; e1 v Z+ d- u; I' a' S7 xLast Updated: Tuesday, May 29, 2007 | 4:28 PM ET7 S7 a- d4 T2 e9 {' m
CBC News
) t3 i" {; j) G- \' F! \2 x% j$ {
2 i4 X/ ?% g2 q* 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.
( J4 ]3 N2 b: p# ~" D5 N
% U8 q7 x% w* o3 ]8 }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.
/ J, B( y5 }. U- k
; x! b U$ x6 f8 I8 F& tThe 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.
6 j, X0 x, V$ j2 t7 u" x$ D+ W6 ]* O, L- U! V
Other banks are expected to follow with rate hikes of their own.
. e0 [, C/ }& u4 L2 U
% p4 ]: I7 J& e% FYields 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 d$ F3 I4 i; N) a* n0 P
' }; C* m& W" B" w) y/ ^/ G& v/ xThe 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.
& Z( r$ H7 q; @7 R* y6 Y+ ]8 t6 G& e0 T+ K
The 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. |
|