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The Latest from RateLand was published today due to the holiday.
The pace of fixed rate increases has slowed these past seven days, but the damage has been done. Canada's #4-year swap# rate—a leading fixed rate indicator—is up 100 basis points in just two months.
Whether you're a mortgage shopper, realtor or mortgage seller, these are un-fun times. In just five weeks, the lowest nationally-available uninsured 2-year fixed rate is up 80 bps. The lowest 5-year fixed is 70 bps higher.
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