We haven’t seen the bond market this low since November 2010. The current 5 year Canadian Bond yield is 2.24%. It’s only been below 2.00% a couple of times… Just after the 2008 U.S. mortgage crisis from December 2008 to January 2009 and late last year in October 2010.
Last year we saw the 5 year fixed mortgage rates hit an all time low of around 3.49%. Today’s best 5 year fixed rate is hovering at around 3.79%…. Could be even be more room for fixed rates to drop….
Enjoy the low rates!
As an industry insider, Steve will share info that the BANKS don't want you to know. Steve has appeared on TV's Global Morning News, CBC's "Our Toronto" and The Real Life TV show. He's also been quoted in several newspapers such as the Globe and Mail, The Toronto Star, The Vancouver Sun, The Star Phoenix, etc.