With the bond market yields rising due to concerns about China, Ireland, etc. TD Bank was the first major lender today to increase mortgage rates on terms one to five years. It appears that the 5 year fixed rate will still be under 4% but there is a big jump from where we are currently.

The Royal Bank, TD Bank & CIBC all dropped rates again today. In fact the Royal Bank lowered rates over the weekend without much fanfare. This has been a common practice lately with them. The 5 year posted fixed rate is now at 5.39% at the three banks and others will follow undoubtedly. We have