After fixed mortgage rates sat at a record low level for the past six months, it was inevitable that they would rise once again. The cause for this was the rise in Canadian Bond Yields, which was triggered two weeks ago. This was caused by a selloff in the Bond market due to The Federal Reserve indicating that they may slow down on the bond purchasing they have being doing to bring liquidity into the markets.  Nothing has actually happened yet and it may not even happen but the speech was enough to cause a selling frenzy.
Read More