Mortgage News
CTV News - Mortgage Minute October 22
Frank Napolitano sits with CTV's Jeff Hopper to discuss choosing between fixed and variable mortgage rates.
Published
Click here for the full video from CTV.
In the wake of changes to fixed mortgage rates, combined with the Bank of Canada's decision to once again keep the overnight lending rate at 1%, many Canadians are left wondering how to choose between fixed and variable rates.
A popular question Mortgage Brokers seem to hear quite often from their clients is "should I lock in my mortgage?". The answer will vary, depending on several factors; the current state of fixed rates, the current prime rate, and the client's financial situation, to name a few.
Talk to your Ottawa Mortgage Broker for more information.