Lenders—including some big banks—are hiking fixed mortgage rates again

The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks. The move follows a more than 70-basis-point surge in the Government of Canada 5-year bond yield, which typically leads fixed mortgage rate pricing. It’s now at a 14-month high of 3.58% as of Monday, up from a recent low of 2.87% earlier this month. BMO, CIBC and RBC have all increased some of their fixed mortgage rates over […] 

The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks. The move follows a more than 70-basis-point surge in the Government of Canada 5-year bond yield, which typically leads fixed mortgage rate pricing. It’s now at a 14-month high of 3.58% as of Monday, up from a recent low of 2.87% earlier this month. BMO, CIBC and RBC have all increased some of their fixed mortgage rates over  Mortgage Rates & Mortgage Broker News in Canada 

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