Despite hopes for stable rates heading into the new year, prospective GTA homebuyers are seeing a slight increase in mortgage rates. According to recent reports, both three- and five-year uninsured fixed rates have risen by 5 to 15 basis points, with three-year insured rates following suit. Hybrid mortgages also experienced a 10-basis-point bump, pushing them above 4%. While some attractive mortgage options may still be available, this upward trend suggests that buyers should carefully assess their financing options. Experts anticipate a period of relative calm in the mortgage market over the holidays, barring unforeseen fluctuations in bond yields. For the latest data and insights, read the full article on Financial Post: [https://financialpost.com/real-estate/mortgages/mortgage-rates/mortgage-rates-move-wrong-direction](https://financialpost.com/real-estate/mortgages/mortgage-rates/mortgage-rates-move-wrong-direction)
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