Variable Rate Warning [fTFUUmN900T]
The Bank of Canada hasn’t hiked — but mortgage rates are already rising. Fixed rates are climbing as markets price in what might happen next, not what’s happened yet. And if that trend continues, variable-rate borrowers waiting for clarity could find themselves locking in at much worse rates than expected. #bankofcanada #canadianmortgages #canadianeconomy Links: Why waiting to lock in your variable rate often backfires: Why the Iran war is making mortgage renewal feel like a ‘roller-coaster’: Canada 5 Year Government Bond: Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) [email protected] Brokerage Lic: 10464 Broker Lic: M16001479 – Apply Online!! Youtube Channel: Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - Facebook - Twitter - LinkedIn - TikTok - Commentary on this Channel should not be considered financial advice