User Tag List
Results 1 to 1 of 1
-
Wed, Mar 14th, 2012, 02:04 PM #1
RBC fixed income strategist Ian Pollick speculates that 5 year yields could pop 20 basis points higher “during March and April.”
Fixed mortgage rates are based, in large part, on bond yields. Canadian bond yields are, to some degree, influenced by mortgage volumes. As spring homebuying fever livens up, demand for mortgage funds often forces yields higher.
These are predictor stats only, so that doesn’t mean the same will happen this time around, but it is certainly true historically speaking.
Barring any international economic crisis though, rates are very likely to rise anytime in March, April and May.
So, what to do??
If you are looking to refinance or buy in these months, get a rate hold in place . . just in case. Contact myself or your broker as we can do this for you and it's free. Why risk it? . . .This thread is currently associated with: Spring ShoesLast edited by MortgageQueen; Wed, Mar 14th, 2012 at 02:12 PM.
-
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)