Well, after telling you that bank overnight rates are not likely to rise, today I have to tell you that fixed mortgage rates are set to go up by .25%. Why? bond rates. Mortgage rates are directly tied to bond rates and the spread between bond rate returns and mortgages has spread over the past couple of weeks. As a result, we can expect rates to go up a little bit. You can avoid the rate increase by getting a pre-approval today . Apply online at my website and I will get you a 90 day rate hold. You can then safely go out house shopping or if you want to refinance we can arrange that as well. Apply at davidcooke.ca
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