The week’s best fixed and variable mortgage rates
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The week’s best fixed and variable mortgage rates
SALMAAN FAROOQUI
PUBLISHED MAY 7, 2026
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Markets are showing optimism about a U.S. proposal to end its war with Iran this week, and bond yields dropped quickly in reaction. But mortgage brokers say they’ll have to fall even further before fixed mortgage rates decrease.
The Canada five-year bond yield dipped from 3.29 per cent to 3.15 per cent between Monday evening and Wednesday morning, a roughly 4-per-cent …
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