As we mentioned last week fixed mortgage rates were under pressure to move higher as bond yields, the main influence on fixed mortgage rates, have been increasing steadily. Today, the first bank moved as TD mortgage rates were increased for …
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This week, all of the big banks have announced decreases to fixed mortgage rates. RBC was the first one to drop rates by 10 basis points, quickly followed by Scotiabank, TD and BMO. CIBC announced today that they would follow suit as well. This puts the popular 5 year fixed rate at 5.29%
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Mortgage shoppers have even more reason to celebrate this month as fixed mortgage rates have dropped again. For the 4th time in the past month many of the big banks including RBC, TD and CIBC have dropped their 4 and …
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RBC Royal Bank and TD Canada Trust today lead the mortgage rate market again by announcing another decrease in fixed mortgage rates effective tomorrow May 21, 2010. Today’s mortgage rate changes only affect the 5 year fixed closed mortgage rates …
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TD Canada Trust and BMO Bank of Montreal were the first big banks to drop their benchmark posted 5 year fixed mortgage rates by 0.15%, effective today May 8, 2010. This comes as the main influence on these rates, the …
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