Episode 77 Transcript – Cypress Mountain & predicting the 5 year fixed

Hello! You’re live with Jessi Johnson. I’m here with Alex and Mitch. Say hello guys. [Hello!] {How’s it going guys?} We’re here on Cypress Mountain and my quick blurp of the day today is focusing on fixed rates. Judging whether they are going to go up or down. The key indicator is if you pay attention to the Bond Yield, the 5 Year Bond Yield which is actually on my website. Right now it’s at 2.02%. Irrelevant to you because it depends on when you watch this video. If you pay attention to the Bond Yield, it’s a good indicator as to where the fixed rates are going to go. If they’re going to go, obviously up. Once the Bond changes, you’ve got generally about a week and most lenders in most circumstances will follow suit. Not much time, just keep on the ball and you should be OK. I’m going to go attempt to do a jump here. Hopefully I don’t kill myself. I’ve got the nifty crash helmet on. Alex is going to be my trusty cameraman. Let’s see if I can do this. [This is brought to you by firsthomeinfo.ca.]