Fixed mortgage rates are heading higher. Royal Bank of Canada, the country’s largest mortgage lender, was the first to hike its rates, lifting the popular five-year fixed mortgage rate by 20 basis points to 3.29 per cent on Monday. In recent days, TD Canada Trust and Laurentian Bank followed. Who will be next to hike rates is anyone’s guess.
via Are Canada’s mortgage wars over? | Balance Sheet – Yahoo! Finance Canada.