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5-Year Rates Jump 1/5%

Bond yields have risen so the big banks hiked mortgage rates by 20 basis points yesterday.

The typical 5-year mortgage now sells for a posted rate of 6.8%.

National Post Story

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Last modified: October 24, 2006

Robert McLister is one of Canada’s best-known mortgage experts. A mortgage columnist for The Globe and Mail, interest rate analyst and editor of MortgageLogic.news, Rob has been covering Canada's mortgage market since 2007.

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