Using the slight uptick in Bond Yields as an excuse, TD Bank made a dramatic change in their fixed rates, some rising as much as 35bps.  While the other Big Banks will likely follow along, how much they raise theirs is not a given.  TD Bank raised their posted rate on a 5 year fixed to 5.69%, discounted from 4.14% to 4.39% effective April 5th.  Prime remains unchanged at 3.00%.


TD Bank over the past year or so seems to be the Bank most interested in raising their rates and hoping to get people to lock in.  Perhaps they have too many clients floating and want to "scare" them into locking them in.  While it is an easy stand to say rates are on the way up, as eventually you are always right, we still feel there is little to drive our rates upward.  The US continues to have massive problems in their Real Estate sector and economy as a whole.  The high dollar is a drag on our economy as well.  A variable rate for many is still the best choice.