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转贴 Mortgage rates jump again
http://www.cbc.ca/money/story/2007/05/29/mortgages.html: l# A9 n) m5 i3 o/ V
5 b r. U" [5 V7 A( V4 sLast Updated: Tuesday, May 29, 2007 | 4:28 PM ET- m1 \4 W D& n
CBC News" k t. f1 c" d
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Mortgage rates went up Tuesday for the second time in two weeks as the Bank of Canada sent a strong signal that borrowed money is about to get more expensive.. ?$ H/ `" w# B. n6 U
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RBC Royal Bank, TD Canada Trust, BMO Bank of Montreal and CIBC have all raised mortgage rates by up to three-tenths of a percentage point, effective Wednesday.
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The posted rate for a five-year closed mortgage is now 7.14 per cent. The banks had boosted the rate for the five-year term to 6.84 per cent less than two weeks ago.- ~( \' H9 ?! P
5 R7 d5 w* u* q# ? MOther banks are expected to follow with rate hikes of their own.
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( P8 f! }( n( [) PYields in the bond market, where mortgage financing is determined, jumped Tuesday after the Bank of Canada delivered a strong hint that it may boost interest rates soon — and perhaps more than once this year — to fight inflation.$ O; Q! N. V, f" ]; ^6 ?* n/ {# c
& A4 E9 d2 b5 o7 `The yield on the benchmark two-year Government of Canada bond jumped more than a tenth of a percentage point to 4.57 per cent. It was just 4.18 per cent at the start of May. 9 H0 q) ?( m: Z4 B/ j
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The posted rate for a five-year closed mortgage is now lower than those for two-year, three-year or four-year mortgages. That type of inversion is unusual, as banks usually charge more for locking in rates for longer terms. |
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