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Mortgage Rates Start to Increase

Canadaís 5-year bond closed Friday 0.30% higher after a series of press releases coming from the US.

Itís the biggest jump in bond rates in over a year and it comes on top of strong gains over the previous few days.

The yield is now near an 11-month high, and that means fixed mortgage rate increases are around the corner.

Royal Bank has already announced a variety of fixed rate increases effective today.

If youíre home hunting and wondering if you should lock in a mortgage rate, donít waste any more time.

Protect yourself now with a pre-approval.

Source: Prolink mortgage
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