Some 30 per cent of Canadians have a mortgage with a variable-rate, which goes up and down with the policy rate. If rates rise, you’ll be paying more interest on your mortgage. If your loan is a so-called adjustable-rate mortgage, your monthly payments will go up. Otherwise, your monthly mortgage bill …
The post Should you lock in your <b>mortgage</b> rate or renew early before interest rates rise again? appeared first on Consumer-Mortgage.
source http://consumer-mortgage.com/should-you-lock-in-your-mortgage-rate-or-renew-early-before-interest-rates-rise-again/
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