Tag Archive: rate hold

A scattering of lenders are starting to warn of impending rate increases. No surprise—given Canada’s 5-year bond yield, which drives fixed mortgage rates, hit a new relative high on Thursday. At 0.60%, it’s now the highest it’s been since April 9, 2020. When the 5-year yield was last at these levels, your typical discretionary 5-year fixed rate at a Big...

BMO now has the longest regular rate guarantee period of any Big 6 Bank. On Tuesday, Canada’s fourth largest bankupped its rate hold period from 90 to 130 days. Prior to that, 120 days was the longest normal rate hold of any big bank. Note: “Normal” rate hold means a rate hold that applies to the lender’s regular rates. Banks...