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What does a “Rate Hike” actually mean?

Mortgage Tips Steve Marshall 2 May

TD Bank has increased it’s posted rates and RBC did the same on Monday. This increase, from 5.14% to 5.59% at TD, is the “biggest move in years.” The change came because of the bond yields increasing. We do expect every other lender to follow suit. But, actual interest rates have not changed… so what Read More