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McNeillAvatar
James McNeill 
Agent #M08002592
Giving Credit,
Where Credit is Due!
Rate Watch* 


3 Year 2.59%
 
5 Year 2.79%
 
7 Year 3.59%

10 Year 3.69% 
 
5 Year Variable 2.65%
*Information quoted is not guaranteed and may change
at any time. Call me for current rates applicable
to your specific situation.
Contact me Today!
289- 470- 4000    james_mcneill@centum.ca
 
49 Holland St. West 
Bradford, ON L3Z 2B6

11160 Yonge St., Unit 7
Richmond Hill, ON L4S-1H5
 
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Bottom Line: Commentary

Five-year Government of Canada bond yields finished eight basis points higher for the week, closing at 1.38% on Friday. Once again the Bank of Canada have overestimated the rate of inflation in its forecasts. This has some bond market investors hedging their bets, that our current economic situation may force the Bank of Canada to lower it overnight lending rate.

 

Spring market mortgage-rate competition between lenders was unaffected by Bank of Canada's overnight rate hold last week. Five-year fixed rates are still widely available at rates below 3.00%. Even the 10 year rate has dropped to 3.69%. Rate wars can only benefit us the consumer.

 

(Apologies to Federal Finance Minister Flaherty who is trying to convince lenders that five-year fixed-mortgage rates should stay above 3.00%, market forces and bond yields be damned.)

 



Recent News about the

 Mortgage Industry.

BOC Should Keep Interest Rates On Hold For Another Year: C.D. Howe Read More  

 

Baby Boomers May Be Planning to Move but Not Into Condos Read More 


 CMHC Seeking to Hide Foreclosure Information from Home Buyers Read More  

 

Canadians Heading Into Retirement Owing Money on Homes Read More

Home Prices have Propelled Canadians Net Worth For a Decade Read More

Canadian Housing Market Still Declining as Prices Decline for Fifth Straight Month Read More


Find out how today's mortgage market can affect You and Your business. Contact me today!

 
 
 
 
 
 
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