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转贴 Mortgage rates jump again
http://www.cbc.ca/money/story/2007/05/29/mortgages.html
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! e" ~) ?1 e' w8 F5 G1 i) R+ pLast Updated: Tuesday, May 29, 2007 | 4:28 PM ET
+ F+ f9 L$ M6 N6 k, U `CBC News7 e( t! K5 I9 a! d/ q% i& q
0 t( T$ V- _8 L8 K% J2 `" ~7 Y; BMortgage rates went up Tuesday for the second time in two weeks as the Bank of Canada sent a strong signal that borrowed money is about to get more expensive.( K4 d8 y: D6 W" n' I( o. @
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RBC Royal Bank, TD Canada Trust, BMO Bank of Montreal and CIBC have all raised mortgage rates by up to three-tenths of a percentage point, effective Wednesday.$ w+ C8 {: i" C* d
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The posted rate for a five-year closed mortgage is now 7.14 per cent. The banks had boosted the rate for the five-year term to 6.84 per cent less than two weeks ago.% m7 t& ]$ W- a. y* A( Y: C0 U/ Z3 h
( @- @" e/ o3 A3 u0 [& i3 m, C3 q0 w ]3 M* ^Other banks are expected to follow with rate hikes of their own.
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( v7 o- U: z4 a' ZYields in the bond market, where mortgage financing is determined, jumped Tuesday after the Bank of Canada delivered a strong hint that it may boost interest rates soon — and perhaps more than once this year — to fight inflation.* `2 d8 `% I9 l; F, S
) d$ K5 d; B+ L) d0 h! tThe yield on the benchmark two-year Government of Canada bond jumped more than a tenth of a percentage point to 4.57 per cent. It was just 4.18 per cent at the start of May. % X! \" q+ B2 U0 D' ]
, `7 R$ ?" X) H" I' BThe posted rate for a five-year closed mortgage is now lower than those for two-year, three-year or four-year mortgages. That type of inversion is unusual, as banks usually charge more for locking in rates for longer terms. |
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