Should you consider a variable rate 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.
Article Written By: Fergal McAlinden
Original Article Posted on: 07 Apr 2021
Link to Original Article: https://www.mortgagebrokernews.ca/news/should-you-consider-a-variable-rate-mortgage-354716.aspx