固定利率会回调吗？ 这是一个问题

年轻的心

1 O0 p7 i' o( a
. W. v( e+ ^- N; b& O- p8 GYields Down. Rates, Not So Much
6 n% b: a6 H" J+ w- V- T5 B
Canada’s 5-year bond yield closed near a 3-week low today, settling at 2.43%.  That’s down from its June 10 high of 2.81%.
: O* o5 t/ H" q! H, I5 ~
# S3 O; u9 Z! F7 P& f# v  r$ I
& ]3 l" t% c% C1 w6 x; U


) l( f; n& |6 U4 j! p, X- t. k# `While there’s been a noticeable dip in yields, there hasn’t been much reduction in 5-year fixed mortgage rates (which track yields).  

At the most, we’ve seen a few non-bank lenders drop 5-year rates by 0.10% lately.  The Big 5 banks have not lowered advertised rates at all.

7 q( g# Y$ k* \( }6 e" b2 @One lender sent an email today suggesting that banks have changed their focus from aggregating clients to profitability. Given the banks just went through a vicious market share war, they may be less inclined to discount rates now with only four months to hit their year-end income targets.
The lender went on to say: “There may be some movement soon, but banks are ensuring bond prices stay consistent before they make a move.”

Smokie

appleman

Who knows? But now the prime rate is in the history bottom for sure.

年轻的心

Will 5-Year Mortgage Rates Fall Further?

Banks last raised mortgage rates on June 9, when the 5-year bond yield was at 2.68%.

# F/ ]2 `9 p, y$ @$ B/ c  w3 N" ~+ USince then, the 5-year yield (which guides fixed mortgage pricing) has fallen to 2.44%, but bank rates have not budged.
6 H, B( c9 R2 X. q/ Z$ x
0 T; a. ^; d6 D: a* gBMO economist, Doug Porter, told the Toronto Star it’s because banks "want to be convinced that it is not a flash in the pan and that any retreat in yields is sustained."

He says: "I believe that we are probably not too far away from that point. It might take a little more of a deeper rally (in bond prices) to make it completely convincing."

1 ?  |  m1 K( n  ^: ?7 I# _The often quoted CIBC economist, Benjamin Tal, thinks yields could fall another 0.05% to 0.10%, but any drop in fixed-rates will be short-lived. "By the end of the year, we'll start seeing rates rising," he says.
4 m/ B/ f1 a' |2 J4 ~
If rates do drop another 0.10%, it would translate into a $5.50 monthly payment savings for every $100,000 of mortgage. That’s a total savings of $478 over five years, assuming a 25-year amortization and typical fixed rates.

But remember, trying to time bond and mortgage rates is financially hazardous.  While you’re waiting, rates can move the wrong way—quickly.  
% }. H( O" S! J
You’re usually better served by focusing on factors that can dwarf a 0.10% rate savings, like finding a mortgage with the optimal term and just the right amount of flexibility (pre-payment options, openness, readvanceability, etc.).  Too much flexibility is a waste, and too little can cost you in the long-run.

今晚打老虎

到底涨了还是降了呢？
5年锁定利率现在差不多都到5％了把？