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Alberta
Garth Lyon Senior Mortgage Professional

Garth Lyon

Senior Mortgage Professional


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103, 901-8 Avenue, Canmore, Alberta, T1W 1Z7

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Opinion: Are fixed mortgage rates poised to rise? Here’s why I think so.

4/4/2024

THINK OUTSIDE THE BOX:  It seems that the Canadian bond market has a spring in its step these days. After hitting a low around 3.26% in January, the Government of Canada 5-year bond yield—which typically leads fixed mortgage rates—finished Tuesday’s session at 3.63% after reaching an intraday high of around 3.66%.  It may be a good time to get your pre-approval in, to get your rate locked in, and maybe variable-rate clients want to consider converting to a fixed rate now.  Click here to read article.

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