Mortgage rates set to increase due to volatile bonds market


Mortgage rates set to increase due to volatile bonds market

Analysts are predicting that volatility in the government bonds market is about to lead to higher mortgage rates. Five year Canadian government bonds have increased sharply in the last month and with mortgage rates tracking the bonds it could be bad news for homeowners on variable rates. Some experts are suggesting that now would be a good time to speak to a mortgage broker at about locking in a guaranteed rate. 

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