Canadian banks raise some mortgage rates, lower others

Author: External Author | | Categories: Debt Consolidation Vaughan , Mortgage Agent , Mortgage Broker , Mortgage Rates , Purchase Mortgage , Refinance Mortgage , Residential Mortgage

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.

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Original Article Source Credits: yahoofinance,

Article Written By: Jessy Bains

Original Article Posted on: March 4, 2021

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