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Three of Canada's big banks have increased their five-year mortgage rates by six-tenths of a per cent, to 5.85 per cent from 5.25 per cent:
Article link
The Bank of Canada governor has already hinted that interest rates may go up sooner than expected:
Here we go around the turn and heading back up the interest rate and stagflation ride.
Shorten up those bond ladders and look for rates to go above 10%.
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Canada Mortgage Rates
Posted by mvachon on 30th of Mar 2010 at 10:18 am
Three of Canada's big banks have increased their five-year mortgage rates by six-tenths of a per cent, to 5.85 per cent from 5.25 per cent:
Article link
The Bank of Canada governor has already hinted that interest rates may go up sooner than expected:
Article link
Here we go around the
Posted by wbaker on 30th of Mar 2010 at 10:44 am
Here we go around the turn and heading back up the interest rate and stagflation ride.
Shorten up those bond ladders and look for rates to go above 10%.