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Five-year fixed mortgage rates in Canada fall below 4%, hitting 2½-year lows amid economic uncertainty.
Five-year fixed mortgage rates in Canada have hit 2½-year lows, dropping below 4%, due to trade uncertainty and lower bond yields.
Experts recommend securing a preapproval to lock in these rates, which may rise soon.
The Bank of Canada could cut its benchmark rate further, potentially lowering variable rates too.
However, borrowers should be cautious about rising inflation.
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Las tasas fijas de hipoteca a cinco años en Canadá caen por debajo del 4%, alcanzando los mínimos de 21⁄2 años en medio de la incertidumbre económica.