Written by 1:11 PM Interest Rates • 16 Comments Views: 20

TD Raises Fixed Rates

TD-BankJust nine days after RBC cut posted rates to new lows, they’re headed back up.

TD is raising fixed rates 15-25 basis points, effective tomorrow. The posted 5-year fixed is going from 5.19% to 5.44%.

This is the first such increase in almost six months.

Other banks typically follow competitors’ posted rate moves within 1-2 days. However, there’s still time today to lock in your rate holds (or rate floats, if you’re a broker).

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Last modified: April 26, 2014

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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