Fixed Rates are going back up!

We have enjoyed 3 weeks of decrease in fixed rates, but the party is over. For the past week the bold yields have been rising, and this morning TD bank was the fist to announce fixed rate increase. You an expect the other banks to follow this week.

TD has moved the posted rate to 5.69% from 5.34% and the special 5 year fixed rate is now at 4.39% up from 4.04%.

The rate changes is in Effect tomorrow April 5, 2011.

If you are thinking of buying in the next 6 month or so, it is a good idea to get a rate hold asap.