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Sunday, February 2nd, 2020

RBC Boosts Fixed Mortgage Rates

Fixed rates are on the rise, following a dramatic 35 basis point rebound in the 5-year bond yield (which leads 5-year fixed rates). RBC has announced rate increases ranging from 0.10 percentage points on a 1-year fixed to 0.15 on a 5-year fixed. The changes take effect tomorrow. This doesn’t mean it’s time to panic. Today’s move means […]

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