Canadian banks raise some mortgage rates, lower others
For the first time since the start of the COVID-19 pandemic, Canadian banks raised rates on some fixed mortgages. TD Bank, National Bank of Canada, HSBC, Royal Bank, Scotiabank, and BMO made moves in response to a rising yield on the Canada 5-year bond. Posted rates remain the same, but special rates that most clients actually pay ticked up between 15 and 25 basis points on 5-year terms.
Original Article Source Credits: yahoofinance, https://ca.finance.yahoo.com
Article Written By: Jessy Bains
Original Article Posted on: March 4, 2021
Link to Original Article: https://ca.finance.yahoo.com/news/canadian-banks-raise-some-mortgage-rates-lower-others-192709963.html