Just a quick afternoon update on bond yields. Yields are still inching up.

They are up another 3 bps so far today to 2.76. Last time they were above 2.80 was May 17^th and

the 5 year fixed published rate at that time was 4.59% and the BOC qualifying rate was 6.01%

That’s a 60 bps difference from where our published rates are now.  So rates could move BIG.

TD Canada trust already announced increase tomorrow. Everyone soon will follow. Apply for preaproval to secure your mortgage rates today!!