rising fixed rates

What rising inflation means for Bank of Canada rate hikes

Bond yields surge to new heights, mortgage rates expected to jump another 20 bps

October 4, 2023 No Comments

On Tuesday, the Government of Canada 5-year bond yield jumped to an intraday high of 4.46% before retreating somewhat to 4.42%. Over the past two weeks, yields have risen by over 40 basis points, or 0.40%.

Fixed mortgage rates surge higher as bond yields break above 4%

August 18, 2023 No Comments

Bond yields broke through a key resistance point this week, leading to a fresh round of fixed mortgage rate increases.

RBC and NBC are the latest big banks to hike fixed mortgage rates

June 2, 2023 No Comments

RBC and National Bank became the latest Big 6 banks to increase their posted fixed rates this week, following previous increases by BMO and CIBC.

Lenders—including some big banks—are hiking fixed mortgage rates again

May 29, 2023 No Comments

The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks. The move follows

Big banks hike short-term fixed mortgage rates as their popularity grows

September 25, 2022 No Comments

Over the past week, nearly all of Canada’s Big-6 banks have increased their shorter-term fixed mortgage rates.

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