Toronto Mortgage Rate Watch

SPECIAL: 5 year fixed 3.99% 5 Year Fixed: 4.34% 5 Year Variable 2.15% 3 Year Variable 2.15% 3 Year Fixed 3.60%

Bond Yield For Tuesday, June 30, 2009

Canadian 5 yr bond yields -.01bps to 2.48- Four weeks ago it was 2.51. The spread, based on 5 year rate of 4.49%,  is at 2.01%.
Pressure on fixed 5 year: Down.
Financial Post – Markets. Lenders typically like to keep a spread of 1.70% to 1.80% between their fixed five year rates and current bond yields. [...]