No 1-year Bond. Anything 1 year & under is traded in Treasure Bills (1,3,6 months & 1 year)
FYI:
Rates for Bank of Canada Treasure Bills
Rates for Bank of Canada Benchmark Bond Yields
Canadian Business Bond Market News
1 year fixed mortgages
Hey All,
I had a question if anyone may know... I know 5 year mortgage rates are tied to 5 year bond rates, but 1 year mortgages are tied to.....? I don't think there is a 1 year bond specifically?
Thanks!
I had a question if anyone may know... I know 5 year mortgage rates are tied to 5 year bond rates, but 1 year mortgages are tied to.....? I don't think there is a 1 year bond specifically?
Thanks!
1 - 7 of 7 Posts
FYI:
Rates for Bank of Canada Treasure Bills
Rates for Bank of Canada Benchmark Bond Yields
Canadian Business Bond Market News
I just got a 1.99% 1 year fixed closed offer from a major bank. Is it a good deal?
my mortgage is 360k.
Thanks
my mortgage is 360k.
Thanks
Why would you bother with a 1 year mortgage?
To play devil's advocate: why would you not?Why would you bother with a 1 year mortgage?
cash is 0 percent?To play devil's advocate: why would you not?
If you are at the end of the mortgage term and have less than two years left to go, it might be the best way.Why would you bother with a 1 year mortgage?
If you have a number of years left and want to maximize low interest rates (ie, 6 years left at current rates, do a 1 year mortgage at current low rates, then lock in for 5 years at presumably low rates, if you think they are going to go up a lot in 2 or 3 years).
If you expect the days of prime minus .75-.9 to be back in a year, it might be worth it to get a one year variable mortgage now which is only around prime or prime - .1.
If you are thinking of moving and want to keep terms to a minimum so that if you do decide to move you won't be paying a massive interest penalty.
I'm sure there must be others, those are just the only three reasons I've ever considered/recommended one.
1 - 7 of 7 Posts
- This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Canadian Money Forum
A forum community dedicated to Canadian personal finance enthusiasts. Come join the discussion about investing, stock portfolios, equities, frugality, real estate, market trading, taxation, retirement, and more!
Full Forum Listing
Explore Our Forums
