5-year fixed rates up by 10 bps

Some news for the New Year! Over the last few days most mortgage lenders have raised their five-year fixed rates up by 10 bps points and are priced on average at 3.69%. If you're buying a house or renewing a mortgage in the next 4 months ensure you re-lock your mortgage rate hold.

The pricing on variable-rate-mortgages remains the same at prime -.4% to prime -.5%.

Government of Canada benchmark bond yields - 5 year

GRAPH PERIOD: 28 December 2012 - 30 December 2013

Date	Yield
2013-12-30	1.92
2013-12-27	1.96
2013-12-26	NA
2013-12-25	NA
2013-12-24	1.90