固定利率会回调吗？ 这是一个问题

年轻的心

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1 e8 `# z* v3 X: I6 u& gYields Down. Rates, Not So Much

( c2 E# Y; j/ ]) f, wCanada’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%.





5 ~4 J! c1 u: _While there’s been a noticeable dip in yields, there hasn’t been much reduction in 5-year fixed mortgage rates (which track yields).  

$ P0 i" t8 G/ E: _& ?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.
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  p5 L' f; _. Y% t! hOne 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.
3 C& b& }6 }! A+ o4 S- F$ Y; a* `, l; AThe lender went on to say: “There may be some movement soon, but banks are ensuring bond prices stay consistent before they make a move.”

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?

Banks last raised mortgage rates on June 9, when the 5-year bond yield was at 2.68%.
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; d1 P. J) l* p8 `+ v8 ~8 x2 @Since then, the 5-year yield (which guides fixed mortgage pricing) has fallen to 2.44%, but bank rates have not budged.
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- D& G1 A/ ^0 N, P. SBMO 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."

+ a8 `6 K: E3 K: q# aHe 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."

The 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.
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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.

But remember, trying to time bond and mortgage rates is financially hazardous.  While you’re waiting, rates can move the wrong way—quickly.  

- u# t# e: z& K" OYou’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？
6 r, a) A7 Z- }# Q2 M0 d& k0 O9 b5年锁定利率现在差不多都到5％了把？