Back to Blog

Tuesday Rate Update

General Matthew Hines 31 Mar

 

Canada 5-Year Bond Yield Overview

 

The Canadian 5 year bond yields markets  0.12% to  1.71 The spread (based on our standard 5 year published rate of 3.19%) is BELOW the comfort zone at 1.48 ( http://www.investing.com/rates-bonds/canada-5-year-bond-yield )

The rate of return on your bond, can be read through a yield curve, If the increase in bond yield continues to go up, the spread will continue to shrink and this could be a trigger for interest rates to rise.  The comfort zone is between 1.90 and 2.10.

Our Standard 5 Year Fixed Rate is 3.19% but rates as low as 2.99% are available to qualified clients. 

Our Standard 5 Year Variable Fixed Rate is P-.55 (2.45%), but rates as low as P-.65 are available to suitable clients.

All rates are subject to change without notice and borrowers must meet suitability and Lender qualifying criteria. 

——————————

Matthew S Hines is a Toronto Mortgage Broker with Dominion Lending Centres Edge Financial. (#10710). Matthew is a First Time Home Buyer Specialist and has been helping aspiring home owners “Achieve The Dream” of home ownership since 2005. Matthew can be contaced at mhines@dominionlending.ca | www.matthewhines.ca 

——————–