Major lenders begin to cut fixed mortgage rates [Toronto Globe and Mail (Ontario, Canada)]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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Source: Toronto Globe and Mail
Major lenders begin to cut fixed mortgage rates Toronto-Dominion Bank brought its five-year fixed rate down to 3.09 per cent from 3.24 per cent this week. BRUCE BENNETT/Getty Images Toronto-Dominion Bank brought its five-year fixed rate down to 3.09 per cent from 3.24 per cent this week. Fixed mortgage rates are creeping lower this week, as the funding markets that banks and other mortgage lenders use to raise money for loans have begun to normalize after weeks of outsized volatility. Toronto-Dominion Bank brought its five-year fixed rate down to 3.09 per cent from 3.24 per cent this week, and several other major lenders including Royal Bank of Canada and MCAP have also reduced their rates. Five-year fixed-rate mortgages ranged between 2.39 per cent and 3.19 per cent this week, according to mortgage brokers, which is lower than the beginning of April, although still up compared with early March. Fixed rates are finally coming down in line with a decline in government bond yields, a
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