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Mortgage Broker News | 04 Apr 2011, 09:45 AM Agree 0
The move by TD Bank, RBC and CIBC to raise rates on fixed mortgages because of rising bond yields may result in a temporary boon for lenders able to resist following suit in the next 24 to 48 hours, said industry professionals reacting to Monday’s move.
  • @kiltedbroker | 05 Apr 2011, 06:24 AM Agree 0
    To be quite honest, I actually don't mind when rates are rumored to increase. I use the opportunity to contact all my Realtor partners to "flush out" buyers that might be sitting on the fence. Rates on the rise partnered with a 120 day rate hold is a great reason for me to be in touch with my Realtors, and for my Realtors to be in touch with their clients and for their clients to become my clients! Especially if rates do increase, we look like superheroes... I guess I am kind of a glass half full guy!
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