Canadian government bond yields, which steer fixed mortgage rates, fall
The lowest nationally advertised rates haven’t budged an inch compared to last week. But we could see a slight improvement on some leading fixed terms next week.
On the variable front, it’s a tale of two rates. A vast gap remains between insured and uninsured floating rates, which start around 5.65 per cent and 6.10 per cent, respectively. This spread reflects the risk, liquidity and capital benefits lenders enjoy from good ol’ government-backed mortgage securitization.
The rates displayed below are updated by the end of each day and are sourced from the Canadian Mortgage Rate Survey produced by MortgageLogic.news. Postmedia and Imaginative. Online Inc., parent of MortgageLogic.news, are compensated by certain mortgage providers when you click on their links in the charts.