I guess we couldn't be blessed for such low rates any longer! Generally speaking though, rates are still quit low.
With the increase in the Canadian Dollar, and the rise of bond rates and other factors, the fixed rates have gone up by over half a percent in the last little while. I go away for a short honeymoon to come back to higher rates! The five year posted rate is at 7.20% today. We're not too sure what's going to happen with the fixed rates, however, the way things are going today they may go up a little more. Hopefully the Canadian dollar will lose some momentum and start to come back down, which is not the prediction by CIBC world markets. They expect the dollar to be on par with the USD by the years end.
Variable rate mortgages are looking even better these days.
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