Fixed or Variable? 😕❔👇 “If you’re in the trenches shopping for a new mortgage, I’m going to tell you something I’ve rarely told anyone in 13 years in this business: Variable rates are a gamble that you don’t need to take,” RateSpy founder Rob McLister. For new borrowers, variable rates have largely lost their appeal since prime rate has very little room left to fall, if at all. As of today, some of the most competitive mortgage providers are offering 5-year fixed rates at less than ten basis points above the lowest variable rates. See the article here. canadianmortgagetrends.com/2020/08/fixed-or-variable-floating-rate-mortgages-losing-their-lustre/ Are you looking for a mortgage broker? I know some of the best in the area. Call me at (519) 616-2656 for a referral. https://bit.ly/2XZzD0F
