Fixed Mortgage Rates Are Moving - Here’s What Borrowers Need to Know

Fixed rates have been on the move over the past couple of weeks, and here's what you need to know.

Here’s what’s driving that:

• Bond yields have jumped (specifically the 5-year Government of Canada bond, which fixed rates are based on)
• In fact, yields have increased by roughly 0.50%+ in just the past couple of weeks
• This has been influenced by rising U.S. Treasury yields and higher oil prices, both of which add pressure to inflation expectations

As a result, lenders have already started increasing fixed mortgage rates, and we may continue to see adjustments if this trend holds.

What this means for you:

• If you’re renewing in the next 6–12 months, this is a key window to start planning
• If you’re buying, securing a rate hold can protect you from further increases
• If you’re considering refinancing or making a change, timing matters more right now

The good news is that we can still hold a fixed rate for up to 120 days, giving you protection while keeping your options open in case rates improve.

As always, your mortgage strategy should go beyond just the rate, but in a market like this, being proactive can make a meaningful difference.

If you’d like me to review your situation or secure a rate hold, feel free to reply to this email or book a quick call here: www.BookWithJenna.com