Is It Time To Look at a Variable Rate Mortgage?

When the Bank of Canada released its latest Monetary Policy Report last week, many people noticed that they dropped the warnings about rising interest rates for the first time. They said they now believe that the recovery “will take longer than previously projected” and, they imply that the Bank’s overnight rate, on which our variable-mortgage rates are priced, will not be raised until late 2015 at the earliest.

In mortgage planner, Dave Larock’s weekly post on interest rates, he explains why interest rates could actually come DOWN and why variable rates are sure to become more popular again.  If you are in the market for a mortgage, this is a very good read.

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About Marg

is an award-winning real estate Broker who has successfully been helping people move since 1989. When it’s time for a move in or out of a bigger, smaller, better, more expensive, less expensive, newer, older, house, condo, farm, investment property, vacant lot or business, talk to Marg.

This entry was posted by Marg on Monday, October 28th, 2013 at 11:12 am and is filed under Money Matters. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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