Should you consider a variable rate mortgage?

Author: External Author | | Categories: Debt Consolidation , First Time Home Buyer Mortgage , Mortgage Broker , Mortgage Calculator , Mortgage Rates , Private Equity Investors , Private Mortgage Lending , Reverse Mortgage , Royal Canadian Legion , Self Employed Mortgage

he Bank’s announcement in March that it would keep its overnight rate at a lower bound for the foreseeable future was good news for Canadians exploring the possibility of going down the variable rate avenue. Data from Ratehub showed that fully 60 basis points currently separate the best fixed and variable rates offered by Canada’s top five banks – with little immediate prospect of a prime change.

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Article Written By: Fergal McAlinden

Original Article Posted on: 07 Apr 2021

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