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5-Year Yields Break Above 2%

Earlier today, 5-year bond yields broke above 2% for the first time in 8 weeks.

Keep an eye on the chart.  A further 10-20 basis point increase might prompt certain lenders to start lifting fixed mortgage rates. 

If you’re considering a new fixed-rate mortgage or pre-approval, there has never been a better time to apply.


(Chart data courtesy of the Bank of Canada.  Please note: This is not a prediction or recommendation. Market conditions can change at any time.)