Houses for sale in Ottawa

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Fans of low mortgage rates got what they wanted this week as inflation fell back into the two per cent range (2.9 per cent), well below Bay Street’s estimates.

That averted further fixed-rate increases, which, frankly, have been surprisingly few and far between — despite a hefty jump in bond yields. Fixed mortgage rates tend to shadow government bond yields because lenders use yields as benchmarks when setting mortgage pricing.

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