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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 ET7 J L8 B3 T5 Y0 A
CBC News5 `+ d' a, X( | W* W) C
7 F ]) x& u& l3 O9 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.9 [* Z$ W) l* E4 K1 ~( }
; Z3 L. ~# P% ^* F' ORBC 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.9 N' n! h6 c9 c, L1 z9 H
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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.6 v* p% D% q8 {$ @2 I/ E
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Other banks are expected to follow with rate hikes of their own.7 e3 k; v; v$ P. B
& x' y; U) H! j0 \8 T. O! l+ MYields 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.
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: C7 O& Q9 f; J3 q QThe 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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