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Fixed mortgage rates surge again, pushing rates under 5% to the brink

Author: 
Steve Huebl
Publication date:
June 15, 2023
Article Summary: 

The article discusses a fresh round of fixed mortgage rate hikes in Canada, signaling the decline of sub-5% interest rates. Mortgage lenders are increasing their fixed rates due to various factors such as rising bond yields and market conditions. The era of historically low mortgage rates is coming to an end, and borrowers will have to adapt to higher rates. The article provides insights into the impact of these rate hikes on the housing market and advises borrowers to consider locking in their rates before further increases occur.

Keywords: 

Fixed mortgage rates, rate hikes, sub-5% rates, mortgage lenders, rising bond yields, market conditions, historically low rates, borrowers, housing market, rate lock.



Source Citation: 
Steve Huebl
Fixed mortgage rates surge again, pushing rates under 5% to the brink
June 15, 2023
https://www.canadianmortgagetrends.com/2023/06/fresh-round-of-fixed-mortgage-rate-hikes-now-underway-with-sub-5-rates-a-dying-breed/
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