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flag Five-year fixed mortgage rates in Canada fall below 4%, hitting 2½-year lows amid economic uncertainty.

flag Five-year fixed mortgage rates in Canada have hit 2½-year lows, dropping below 4%, due to trade uncertainty and lower bond yields. flag Experts recommend securing a preapproval to lock in these rates, which may rise soon. flag The Bank of Canada could cut its benchmark rate further, potentially lowering variable rates too. flag However, borrowers should be cautious about rising inflation.

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