Interest rates are unexpectedly dropping on five-year mortgages — and the global banking crisis is partly the cause

Friday Mar 24th, 2023


Experts says it might be time to lock in a pre-approval rate as a fall in the Canadian five-year bond yield is bringing down certain fixed mortgage rates. Canadian homebuyers are about to get an unexpected break on their mortgages — in part, because of the global banking crisis. Following the collapse of Silicon Valley Bank and Signature Bank, government bond yields have tanked, and as a result, mortgage lenders are slashing rates on five-year fixed mortgages, which are... [read more]



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