我自己找了一下，原来从五月份以来一直在涨，早知道把它变fixed就好了
Residential mortgage rates rise again
Print this ArticleEmail this ArticleMagnify TextBookmark this ArticleShare on FacebookDigg this ArticleStumble Upon this ArticleBookmark with del.icio.usLive BookmarkAdd to TechnoratiTOOL HELPThe Canadian Press
Published Thursday June 14th, 2007
Appeared on page C1
Residential mortgage rates are moving upward again as bond-market yields bounce around five-year highs.
The Royal Bank of Canada said Wednesday it is raising posted rates by between 0.05 and 0.20 percentage point, depending on the term.
Effective Thursday, the five-year closed rate goes up 0.15 point to 7.44 per cent.
It's the fourth rise in less a month during a series of increases taking the five-year rate up by 0.85 point, from 6.59 per cent on May 17.
The other chartered banks have in recent weeks followed the lead of RBC.
The upward trend reflects slumping prices and rising yields in the international bond market where banks get their funds for mortgage lending, as central banks in most major economies have either raised interest rates or indicated they expect to, in order to contain inflation.
The yield on the benchmark 10-year U.S. Treasury bond, which moves in the opposite direction to the price, has risen from 4.65 per cent a month ago to 5.3 per cent early Wednesday, although it receded somewhat later in the day.
Bond prices elsewhere have tracked that increase, leaving the Canadian government 10-year bond yielding about 4.7 per cent.
The latest mortgage-rate move came hours after Bank of Canada governor David Dodge repeated his indication that the central bank is likely to raise short-term lending rates next month.
The mortgage-rate impact "is being felt from both" the American and Canadian bond-yield effect, said RBC economist Rishi Sondhi.
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