Big Banks Raise 5-Year Fixed Rates Above 4%
Big Banks Raise 5-Year Fixed Rates Above 4%
Most of the country's big banks are now advertising special-offer 5-year fixed rates above 4%.
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Most of the country's big banks are now advertising special-offer 5-year fixed rates above 4%.
Most of the country's big banks are now advertising special-offer 5-year fixed rates above 4%.
Over the past week, nearly all of Canada’s Big-6 banks have increased their shorter-term fixed mortgage rates. The rate hikes have largely been limited to 1-, 2- and 3-year fixed mortgage products, including both special offer and posted mortgage rates. The hikes were seen at TD, Scotiabank, RBC, BMO and National Bank of Canada, and range from 10 to 55 basis points. But the big banks haven’t been the only lenders raising rates on those terms. According to data from MortgageLogic.news, the ...
Over the past week, nearly all of Canada’s Big-6 banks have increased their shorter-term fixed mortgage rates. The rate hikes have largely been limited to 1-, 2- and 3-year fixed mortgage products, including both special offer and posted mortgage rates. The hikes were seen at TD, Scotiabank, RBC, BMO and National Bank of Canada, and range from 10 to 55 basis points. But the big banks haven’t been the only lenders raising rates on those terms. According to data from MortgageLogic.news, the ...
Most big mortgage lenders, including all of the Big 6 banks, have hiked fixed rates once again over the past several days.
Most big mortgage lenders, including all of the Big 6 banks, have hiked fixed rates once again over the past several days.
Targeting high inflation is the Bank of Canada's top priority, and it's prepared to raise interest rates "forcefully" if that's what's need.
Targeting high inflation is the Bank of Canada's top priority, and it's prepared to raise interest rates "forcefully" if that's what's need.
Even with interest rates climbing past 5%, there are still reasons to refinance your mortgage. Here are four refi strategies to consider.
Even with interest rates climbing past 5%, there are still reasons to refinance your mortgage. Here are four refi strategies to consider.
The margin between two-year and five-year fixed rates is the smallest since February 2013 at 0.15%, as the average fixed rates reached a five year high, according to the latest data from Moneyfacts. The average two-year fixed rate was revealed as 2.86% for April and is the highest since June 2015 after increasing by 0.21% ...
This story continues at Two and five-year fixed rates closest in nine years
Or just read more coverage at Mortgage Finance Gazette
The margin between two-year and five-year fixed rates is the smallest since February 2013 at 0.15%, as the average fixed rates reached a five year high, according to the latest data from Moneyfacts. The average two-year fixed rate was revealed as 2.86% for April and is the highest since June 2015 after increasing by 0.21% ...
This story continues at Two and five-year fixed rates closest in nine years
Or just read more coverage at Mortgage Finance Gazette
The 30-year fixed mortgage rate averaged 5.22% for the week ending Aug. 11 — up from 4.99% last week.
The 30-year fixed mortgage rate averaged 5.22% for the week ending Aug. 11 — up from 4.99% last week.
The 30-year fixed mortgage rate averaged 5.22% for the week ended Aug. 11 — up from 4.99% the prior week.
The 30-year fixed mortgage rate averaged 5.22% for the week ended Aug. 11 — up from 4.99% the prior week.
In one of the most unpredictable periods for mortgage rates in recent history, the 30-year average took a 23 basis-point leap following an even bigger fall last week, Freddie Mac said, as investors react to a stream of seemingly contradictory economic news. The 30-year fixed-rate average surged to 5.22% for the seven-day period ending August 11, according to Freddie Mac's Primary Mortgage Market Survey. The spike comes after the 30-year rate had dropped by over 50 basis points the prior two wee...
In one of the most unpredictable periods for mortgage rates in recent history, the 30-year average took a 23 basis-point leap following an even bigger fall last week, Freddie Mac said, as investors react to a stream of seemingly contradictory economic news. The 30-year fixed-rate average surged to 5.22% for the seven-day period ending August 11, according to Freddie Mac's Primary Mortgage Market Survey. The spike comes after the 30-year rate had dropped by over 50 basis points the prior two wee...
The 30-year fixed-rate mortgage increased this week to average 5.22%, up from last week’s 4.99%. A year ago this time, rates averaged 2.77%.
The post Purchase mortgage rates are back above 5% appeared first on HousingWire.
The 30-year fixed-rate mortgage increased this week to average 5.22%, up from last week’s 4.99%. A year ago this time, rates averaged 2.77%.
The post Purchase mortgage rates are back above 5% appeared first on HousingWire.