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转贴 Mortgage rates jump again
http://www.cbc.ca/money/story/2007/05/29/mortgages.html
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9 ~( q2 N! J9 `0 L/ U! GLast Updated: Tuesday, May 29, 2007 | 4:28 PM ET# p$ {# ?: I! ?, J4 s3 ~
CBC News
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5 ? W# ?) i) eMortgage 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.: S- F3 O5 i; C
( x$ V) N0 k7 F- d$ ZRBC 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.4 ~. v" l# R# p
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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.# t2 I; {' f1 A- N0 }0 G
5 l) }# N O3 v1 c2 UOther banks are expected to follow with rate hikes of their own.; F. X; i" U0 Y: [2 F7 l4 Y* h/ h
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Yields 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.: s, y4 T% b* ]+ S9 `/ g) X
]+ {4 N8 V+ `1 m' EThe 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. : v) u$ G, [2 c0 D2 i8 a! j
|4 w7 Z; |, c0 z. W; O+ r jThe 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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