Toronto-Dominion Bank became the second major lender to hike mortgage rates amid soaring bond yields and federal government rule changes – though it is taking a more measured approach than rival Royal Bank of Canada.
TD has raised the cost of its four-year and five-year fixed-rate mortgages by 5 and 10 basis points, respectively. (A basis point is 1/100th of a percentage point.) Its fixed four-year mortgages now charge 2.44 per cent annually, and its fixed five-year mortgages now charge 2.69 per cent.Report Typo/Error
- Toronto-Dominion Bank$65.21-0.06(-0.09%)
- Bank of Montreal$94.03+0.17(+0.18%)
- Bank of Nova Scotia$79.38-0.07(-0.09%)
- Canadian Imperial Bank of Commerce$104.87-1.24(-1.17%)
- Royal Bank of Canada$93.99-0.13(-0.14%)
- National Bank of Canada$53.97+0.21(+0.39%)
- Updated June 26 4:00 PM EDT. Delayed by at least 15 minutes.