Market interest rates have been climbing as the Middle East conflict puts upward pressure on oil prices and inflation expectations.
The U.S. Bureau of Labor Statistics reports that consumer prices rose 3.8% in April, accelerating from the 3.3% pace in March.
The US 10-year yield, which serves as a benchmark for fixed-term borrowing rates, pushed above 4.64%, the highest since January 2025 and April 2007.
Canada’s mortgage rates have more than doubled from their 2021 lows, with the best 5-year fixed rates now ranging from 4.0% to 4.6%, depending on the lender and whether the mortgage is insured.
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Market interest rates have been climbing as the Middle East conflict puts upward pressure on oil prices and inflation expectations.
The U.S. Bureau of Labor Statistics reports that consumer prices rose 3.8% in April, accelerating from the 3.3% pace in March. The
