This week will be very interesting to see if mortgage rates are on the rise. We know rates are as low as they can go and their is nowhere to move but up. The question is when? and by how much?
With the spike in the Canadian bond market this past Friday, we will quickly learn what the outcome may be. Therefore the “when” is probably now, and the how much?…well we will see.
Government of Canada 5 year Bond
I have to agree with you. I think it’s time to lock in the bottom is not going to hang around forever.