Don Stoddart,
AMP
Agent, Mortgage Planner
Your Key Mortgage Partner
Articles & Trends
Review articles on the topic(s) that are most important to you.
Fixed versus variable rate mortgage?
Canadian homeowners have been benefiting from ultra-low interest rates, which can change at anytime. Those in variable rate mortgages may try to gauge when the Prime lending rate might start to gradually increase toward more normal lending rates of 5% to 6%. If you are concerned the Prime might start rising at some point, do variable-rate mortgages still make sense? Of course the answer depends on your own personal situation, but there are definite compelling reasons to choose variable. Fixed-rate mortgages also play a significant role with many Canadian homeowners, particularly those who may lose sleep wondering what will happen next with rates. Read more...
Historical Mortgage Rates
One thing is certain about interest rates – they go up AND down. No one can predict accurately what will happen next when it comes to interest rates. You can, however, look at how rates have historically behaved, and compare historical 5-year bond yields, 5-year mortgage rates and the prime rate.
