The Globe and Mail reports in its Friday, Feb. 20, edition that fixed mortgage rates could get a slight discount in the coming days after the Canada five-year bond yield fell to its lowest level since November this week. The Globe's Salmaan Farooqui writes that mortgage lenders base their fixed-rate mortgage rates on the Canada five-year bond, which has seen a yield drop of about 20 basis points to around 2.7 per cent recently. "The recent pullback in bond yields appears tied to softer inflation readings and growing expectations that interest rates could ease later this year if economic conditions continue to cool," said Dustin Vyner, a mortgage broker with DV Capital Corp. On Tuesday, Statistics Canada reported that the annual rate of inflation slowed to 2.3 per cent in January. Economists had projected the Consumer Price Index would remain at December's reading of 2.4 per cent. Mr. Vyner said he expects lenders could begin lowering rates slightly in the coming weeks or days. As of Thursday afternoon, Ratehub.ca showed the lowest three- and five-year fixed mortgages held steady at the mid-3-per-cent level.