23 January 2012

Fixed rates at the historic lows but might go up a notch.

The 5-year government bond (from which fixed mortgage rates are
calculated) are currently trading at 1.43, up 16 basis points from last
week lows
Lenders are watching bond market closely to see if the
trend continues. A break above 1.50% on the 5-year yield could
potentially mean rate increase for 5 years fixed mortgage rates…
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