5 year mortgage rate

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For Your Information Five-year mortgages holding firm, but just wait

Five-year mortgages holding firm, but just wait

Five-year fixed mortgage rates tend to roughly track the yields on five-year government of Canada bonds, because those influence the cost of the funds that the banks obtain to lend out. Yields on five-year government of Canada bonds have fallen. They ended last year at 1.95 per cent, and this week were below 1.50 per cent.

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