固定利率会回调吗？ 这是一个问题

年轻的心

Yields Down. Rates, Not So Much
" ?3 J) a) D& y' s& G) t0 q) k
7 @) U/ A) y+ r6 F! _/ P, uCanada’s 5-year bond yield closed near a 3-week low today, settling at 2.43%.  That’s down from its June 10 high of 2.81%.
/ H+ K5 X3 d( i/ k
/ q7 U8 [0 i8 I6 Z8 l+ t
: v. J$ `- U. i. B3 d; ]8 h7 N
# {- E( E& H* n% n& \7 y
  @. y4 }, d( y6 P: D
/ V$ }! H$ a2 |% N6 iWhile there’s been a noticeable dip in yields, there hasn’t been much reduction in 5-year fixed mortgage rates (which track yields).  

; l; _+ R& I* M, ~% p4 }7 S3 t. D$ @At the most, we’ve seen a few non-bank lenders drop 5-year rates by 0.10% lately.  The Big 5 banks have not lowered advertised rates at all.
( V5 T& Z6 i  N5 H
. r* x+ N) B% ?3 _" _+ v! f3 W) E- QOne lender sent an email today suggesting that banks have changed their focus from aggregating clients to profitability. Given the banks just went through a vicious market share war, they may be less inclined to discount rates now with only four months to hit their year-end income targets.
The lender went on to say: “There may be some movement soon, but banks are ensuring bond prices stay consistent before they make a move.”
& \+ R% d) J6 Q8 x  E4 Z9 T

Smokie

appleman

Who knows? But now the prime rate is in the history bottom for sure.

年轻的心

Will 5-Year Mortgage Rates Fall Further?

3 p9 t( L$ [6 |3 l0 b Banks last raised mortgage rates on June 9, when the 5-year bond yield was at 2.68%.

" B2 b% T: b; D- {Since then, the 5-year yield (which guides fixed mortgage pricing) has fallen to 2.44%, but bank rates have not budged.

BMO economist, Doug Porter, told the Toronto Star it’s because banks "want to be convinced that it is not a flash in the pan and that any retreat in yields is sustained."

He says: "I believe that we are probably not too far away from that point. It might take a little more of a deeper rally (in bond prices) to make it completely convincing."

" V5 L: _2 B3 N- H/ N$ WThe often quoted CIBC economist, Benjamin Tal, thinks yields could fall another 0.05% to 0.10%, but any drop in fixed-rates will be short-lived. "By the end of the year, we'll start seeing rates rising," he says.

If rates do drop another 0.10%, it would translate into a $5.50 monthly payment savings for every $100,000 of mortgage. That’s a total savings of $478 over five years, assuming a 25-year amortization and typical fixed rates.

6 |3 _5 b0 I1 o) aBut remember, trying to time bond and mortgage rates is financially hazardous.  While you’re waiting, rates can move the wrong way—quickly.  
+ w' L; X- Y. T3 m
You’re usually better served by focusing on factors that can dwarf a 0.10% rate savings, like finding a mortgage with the optimal term and just the right amount of flexibility (pre-payment options, openness, readvanceability, etc.).  Too much flexibility is a waste, and too little can cost you in the long-run.

今晚打老虎

到底涨了还是降了呢？
5年锁定利率现在差不多都到5％了把？