Robert McLister·Mortgage Rate Trends·April 30, 20095-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.) Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.