James Laird, co-CEO of“Inflation moving down is good news for existing variable-rate holders and anyone who requires a fixed-rate mortgage in the near future,” he said in an email.
“Anyone who requires a fixed-rate mortgage in the next couple of months should shop around frequently to ensure they are getting the best rates,” the expert suggests. Laird believes home values will stabilize as mortgage rates do. “Limited rate increases or possibly fixed rate decreases will provide support for home values at their current levels.”
In case a 25-basis point rate increase is in order this month, this homeowner’s variable mortgage rate will increase to 5.55 per cent and their monthly payment will increase to $3,564.
I love those Mies van der Rohe bank buildings!
Collusion between the BoC and Fed Gov to drown Canadians in debt and taxes with a nice glass of bankruptcy planned. So glad WEF is looking out for us Canadians.
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