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Mortgage Shoppers Bamboozled by Sticky Rates?

Did mortgage shoppers get short-changed this rate cycle?

That's a question the National Bank of Canada (NBC) set out to answer in a new report. Its findings reveal that the prior three BoC cutting cycles delivered "much more relief" to fixed-rate borrowers.

Before we delve into that point, however, here's a peek at how much the BoC's 225 bps of easing lowered bond yields so far.
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