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Fixed mortgage rates have increased. But for home buyers willing to gamble, variables are getting cheaper


The Globe and Mail
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Major lenders have hiked fixed five-year mortgage rates over the past few weeks in response to rising government bond yields, but new home buyers willing to take a gamble may be tempted by another option: declining borrowing costs for variable mortgages.
All of the biggest banks have widened the discounts offered on their variable-rate mortgages in recent days by between 10 and 20 basis points, putting variable rates in the range of about 1.5 per cent, according to Robert McLister, who tracks rates as mortgage editor at RATESDOTCA. (There are 100 basis points in a percentage point.) ....

Robert Mclister , Dave Currie , Dave Mckay , National Bank , Dominion Bank , Royal Bank , Toronto Dominion Bank , Mortgage Rates , Fixed Mortgage Rates , Real Estate , Housing Market , டேவ் கியூரி , டேவ் மகே , தேசிய வங்கி , ஆதிக்கம் வங்கி , அரச வங்கி , டொராண்டோ ஆதிக்கம் வங்கி , அடமானம் ரேட்ஸ் , சரி செய்யப்பட்டது அடமானம் ரேட்ஸ் , ரியல் எஸ்டேட் , வீட்டுவசதி சந்தை ,