You can’t go wrong if you respond to this week’s mortgage rate increases by locking in for five or 10 years. But at least consider the alternative: Variable-rate mortgages sound risky in today’s volatile interest rate environment, but they’re actually a quiet corner of the mortgage world right now. We’ve had several rising-rate episodes in…
Read MoreThe smart money’s long infatuation with the variable-rate mortgage has ended, perhaps a little hastily. A lot of homeowners have saved a ton of money with variable-rate mortgages, where your borrowing cost floats with your lender’s prime lending rate. The prime rate is in turn guided by the Bank of Canada’s overnight rate, which was…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.
Please enter the 6-digit OTP sent to your email.
Time remaining: 05:00
