Bond market says 85% chance of another rate cut next week
A quarter-point snip would be proof positive from the central bank that last month’s cut wasn’t just a tease. That should also perk up prospective house hunters, who’ve noticed a spike in “for sale” signs lately.
On the rate front, we saw a five-basis-point uptick in the leading insured five-year fixed rate this week. There were no other changes of note. The cheapest nationally advertised fixed rates have five-year terms and now stand at 4.99 per cent (uninsured) and 4.49 per cent (insured).
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.