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Showing posts with the label Canada mortgage rates

Rates are on the rise

  Interest Rates are starting to rise Bond yields have been putting pressure on fixed interest rates for mortgages. As of this morning, they have started to rise anywhere from .1-.2%. For a $300k mortgage, a rise in rate from the current 2.34% to an average rate of 2.49% would be an increase of $22.30 a month in payment. This also means $2109.32 more in interest over the 5 year term. Don't hesitate to contact me with any questions or concerns. www.christinebuemann.com