Money Matters Toronto

One of our favorite lenders Merix Financial is now offering 3.99% for a fixed 5 year mortgage through their exclusive mortgage broker channel in Toronto. The mortgage must fund before Oct 30th, 2009.
Merix Financial is a true leader in the Canadian mortgage market. Not only do they consistently offer the most competitive rates in the [...]

Canadian 5 yr bond yields -0.05bps to 2.61 – Four weeks ago it was 2.52%. The spread, based on 5 yr fixed rate mortgage of 4.29%,  is at 1.68%.

Pressure on fixed 5 year: down
Financial Post – Markets
Lenders typically like to keep a spread of 1.80% to 2.00% between their fixed five year rates and the [...]

Canadian 5 yr bond yields -0.03bps to 2.65- Four weeks ago it was 2.45%. The spread, based on 5 yr rate of 4.39%,  is at 1.74%.

Pressure on fixed 5 year: Down.
Financial Post – Markets
Lenders typically like to keep a spread of 1.80% to 2.00% between their fixed five year rates and the current 5 year [...]