Bond Yields Approaching Key Lows
People shopping for a fixed-rate mortgage can do the happy dance. Government bond yields keep plunging, and that’s pulling down fixed mortgage rates.
- The 5-year yield (a barometer of 5-year fixed mortgage pricing) has broken through key 4-month support levels.
- The 2-year yield has given up almost all of its massive October run-up
- The 1-year yield is approaching its all-time low of 0.43%.
We’ve already seen several lenders cut rates, and the best rates for 1- to 10-year terms will likely further in the short term.
However oppsed to commiting to lowering there rates across the board lenders are offering many quick close specials.
Inquire at 604-802-3983 for details.