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Old 10-15-2014, 05:32 PM   #1
Mortgage Made Easy
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Default 5 Year Fixed Rates - Up or Down?

Hi Everyone,

We have seen a lot of volatility in the markets this week and last week. In particular the 5 year bond yield has dropped significantly... by as much as 20bps in less than 3 days.

If you are ever interested in know when and if 5 year fixed rates are going to drop or rise, please click here to see 5 Year Bond Yields

The typical spread is about 1.4% to 1.6% which means that 5 year fixed rates could be as low as 2.79%. What is more likely is to see more lenders offering 2.89% vs the standard of 2.99% currently available.

NOTE: There are still lenders offering promotions and no frill rates (restricted) that are lower than the standard rates... but be cautious.
Please ensure you know the differences between rates as you do not want to become the client who recently paid TD $17,000 in penalties (Read Article).

Call or PM if you have questions. Happy house hunting!!!
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Tim
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Kardia Mortgage Inc
www.TimLacroix.com

If you have any questions please feel free to PM me or email puckforum@cgymortgage.com

Click here to View current Mortgage Rates

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Old 10-15-2014, 06:36 PM   #2
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Hey, are these no frill rates portable if I decide to move houses during the term?
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Old 10-15-2014, 07:04 PM   #3
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Yes, most of the no frills or restricted rates are portable.

Keep in mind that with porting:
- you must qualify
- property has to qualify

Let me know if you have more questions. Cheers.
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Tim
Mortgage. Made Easy Experts
Kardia Mortgage Inc
www.TimLacroix.com

If you have any questions please feel free to PM me or email puckforum@cgymortgage.com

Click here to View current Mortgage Rates

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Old 11-30-2014, 01:00 PM   #4
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What's the general consensus of 5-year fixed rates after this week's BOC announcement?
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Old 11-30-2014, 01:43 PM   #5
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Quote:
Originally Posted by kunkstyle View Post
What's the general consensus of 5-year fixed rates after this week's BOC announcement?
The BOC announcement affects more the variable/ adjustable rates, rather than the fixed rates. It will be interesting to see if BOC raises their key interest rate in May...

However, based on what was happening in the markets late last week, the 5 Year Bond Yield dropped by about 10-15bps. If the bond yield stays at this level, we should see some fixed rate drops.
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Old 11-30-2014, 01:56 PM   #6
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Quote:
Originally Posted by Mortgage Made Easy View Post
However, based on what was happening in the markets late last week, the 5 Year Bond Yield dropped by about 10-15bps. If the bond yield stays at this level, we should see some fixed rate drops.
Excellent. Looking to renew in December. Thanks for the info.
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Old 12-02-2014, 01:57 PM   #7
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The 5 Year Bond Yield recovered a little this week... up by about 10bps.

Might be little room for a rate drop but we might see some promotions... will keep you posted.
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Old 01-05-2015, 03:12 PM   #8
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5 Year Bond Yield is below 1.30% today... a drop from 1.33%.

We could see some 5 year fixed rates drop this week. PM if you would like to be notified of rate changes.
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Tim
Mortgage. Made Easy Experts
Kardia Mortgage Inc
www.TimLacroix.com

If you have any questions please feel free to PM me or email puckforum@cgymortgage.com

Click here to View current Mortgage Rates

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Old 01-12-2015, 09:09 AM   #9
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5 Year Bond Yield down again to start the week... currently sitting at 1.175%.

Could see some promotions this week?

If you are looking to buy, refinance or renew (within 6 months)... reach out and we can protect you and monitor for rate/ product opportunities without multiple credit hits.

Last edited by Mortgage Made Easy; 01-12-2015 at 09:17 AM.
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Old 01-13-2015, 08:55 AM   #10
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5 Year Bond Yield is starting the day around 1.90% down from 1.275% a week ago.

Oil is down to $45.96 and the Dollar is up slightly at $0.8373.

Not much movement on rates yet... some small promotions but nothing significant yet.
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Old 01-14-2015, 08:37 AM   #11
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OUCH! Bond Yield down again !!!!

5 Year Bond Yield is starting the day around 1.094% down from 1.275% a week ago.

Oil is up slightly to $46.46 and the Dollar is sitting at $0.8364.

Interesting times...
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