Optimism Returns to the Markets. Could Fixed Rates Start to Rise?

Author: ExternaL AuthorR | | Categories: Best Mortgage Rates , First Time Home Buyer , Home Mortgage Purchase , Mortgage For Purchase , Mortgage Pre Approval , Mortgage Refinance , Mortgage Renewal , Mortgage Services , Mortgage Solutions , Mortgage Specialist

Bond yields in both Canada and the U.S. jumped on news that Pfizer’s COVID-19 vaccine has proven more than 90% effective in its trials. Following the announcement on Monday, the all-important 5-year bond yield is now hovering around 0.50% for the first time since early June. Since bond yields lead fixed mortgage rates, that’s caused some observers to suggest mortgage rates could potentially be finding a bottom and may only head higher from here. “Lenders’ profit margins are tight and […]

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Original Article Source Credits: CanadianMortgageTrends, https://www.canadianmortgagetrends.com

Article Written By: Steve Huebl

Original Article Posted on: November 11, 2020

Link to Original Article: https://www.canadianmortgagetrends.com/2020/11/optimism-returns-to-the-markets-could-fixed-rates-start-to-rise