5 Year Bond Yield - Pressure - Rates Rising?

[TimLacroix]

Just a heads up regarding the pressure over the past few days with regards to the 5-Year Bond Yield (https://ca.investing.com/rates-bonds/canada-5-year-bond-yield).

With the announcement on Friday, June 9, 2017 regarding better than expected job numbers... and the media discussions about a Bank of Canada rate hike, we have seen the 5-Year Bond Yield (https://ca.investing.com/rates-bonds/canada-5-year-bond-yield) jump.

If the pressure continues for any length of time, we could see rates increase. If you have a renewal happening in the next 120 days, looking to purchase or refinance and want to find out your options... PM, email us or give us a call - 403-648-1541 / [email protected]

[88CRX]

Best guess on timelines to when rates might start to creep up?

[TimLacroix]

Best guess on timelines to when rates might start to creep up?

We have seen some small changes with a couple of lenders but nothing of significance yet. I would suspect that if the yield stays where it is into next week, we could see some small adjustments. If you have specific questions, please email or call, [email protected] / 403-648-1541 ~~ Tim

[TimLacroix]

MORE PRESSURE ON RATES

We have received notice that another rate change is occuring. Likely an additional 0.25% increase on rates. This is not the same increase to Bank of Canada rate this is fixed rates due to the uptick in the 5 Year Bond Yield (https://ca.investing.com/rates-bonds/canada-5-year-bond-yield).

If you are buying, refinancing or have a renewal in the next 4 months... please do not hesitate to connect with us.

[Buster]

My business is highly sensitive to bond yields. This is costing me money.

I expect we will see a lot more than a .25 increase in 5 year fixed mortgages.

[Disoblige]

And boom, 0.25% interest rate increase.