The Latest in Mortgage News – Fresh Round of Fixed-Rate Hikes Underway Feb 3rd

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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Over the past couple of weeks, all of the big banks and countless other mortgage lenders have bumped up some of their fixed rates. Meanwhile, markets are now fully pricing in a rate hike by the Bank of Canada at its March meeting, which will raise rates for the country’s variable-rate holders. Here’s a look at some key rate changes to the banks’ special-offer rates since the start of the year: TD 5yr fixed (HR): 2.74% to 2.94% (+20 bps) […]

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