Posts Tagged ‘Toronto mortgages’

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, [...]

Buying a home is about to get tougher

Share The federal Conservative government is expected on Monday to introduce new rules aimed at toughening up mortgage lending in an effort to curb further growth in record household debt levels. The key change Finance Minister Jim Flaherty is likely to unveil is a cut in the maximum amortization period, to 30 years from 35 [...]