Variable rates are looking mighty good right now

Variable rate mortgages haven’t looked this attractive in years. That’s not to say they’re the right choice for people buying a home or renewing a mortgage. If you have some financial stress in your life already, a fixed-rate mortgage is a better choice. But if you want to lock down a very low rate today and are OK with the idea that it could rise in the months and years ahead, then consider the variable rate.


Source: The Globe and Mail

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