Posts Tagged ‘debt’

Rising Bond Yields Pressuring Fixed Rates

Share The 5-year government yield (which leads 5-year fixed mortgage rates) pierced 2.80% today. It’s risen almost 35 basis points in two weeks. That’s squeezed gross lender margins on deeply-discounted five-year rates to near 1.00% (1.20% can be considered “normal”).  As a result, ultra-low fixed rates are in danger of ticking 10+ basis points higher, [...]

Debt Growth is Moderating, BOC Deputy Says

Share Higher mortgage rates and strictermortgage rules are starting to take effect, though Canadians’ debt levels are still too high for comfort. That was the message from Agathe Cote in her first public speech as a deputy Bank of Canada governor on Monday. Here’s a sampling of key points from her address yesterday in Kingston, Ontario: The [...]