How to predict mortgage interest rate movement: Increase in long term Canadian Government bond prices, leads to a decreased yield (graphed on the chart). The decreased yield reduces the borrowing costs for mortgage lenders which lead to lower fixed mortgage rates. You can look at the graph and if the rate of return of bond rates is going down then the mortgage rates are likely to fall down.
There are much more factors affecting mortgage pricing than average bond yields but direct comparison could give you a rough picture of what is going to come.
Select the mortgage terms that you want to be displayed on graph.
Chart.
Disclaimer: Please note that Ratebot.ca is an independent information only website. We are not a mortgage broker or mortgage lender.
We do not take responsibility for the features, products and rates displayed on the website because they are subject to change
at any time without a notice. All information displayed is for information purposes only. Please contact the lender of broker directly for more details. Ratebot.ca is not liable for any damages caused by the use of the information it provides.