We’re seeinggovernment bond yields approaching seven-year highs, and now this. TD has just boosted its posted 5-year fixed a whopping 45 basis points (bps) to 5.59%. Over the last decade, the average increase to posted 5-year fixed rates has been24 bps. A 45-bps bump is rare, and the most in eight years. If at least two other Big 6 banks...
If we only had a milli-bitcoin for every time someone said this: “…Long-term data tells us that a variable-rate mortgage is the best option.”—LowestRates.ca No, it doesn’t. What the “data” tell us is thata variable-rate mortgage was the best option in a specified timeframe based on particular assumptions. The data in no way mean thata variable-rate mortgage is the best...
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