It’s not often when I will link to another article from someone else in my field. However I am going to do that today. Fellow mortgage broker David Larock wrote a compelling piece in move smartly about the current fixed vs variable debate. In the article he makes sound points as to why I am personally going to stick with my own variable rate mortgage.
The best thing that we can do right now is to educate ourselves and make smart decisions. His article provides lots of great information about the current fixed vs variable debate and why in my opinion it may be best to ride it out. However if the anxiety of the recent rate increase and the news about more rate increases is keeping you up then do what will allow you to sleep better and just lock it in.
I look forward to hearing from you in regard to your mortgage needs.
p.s.s- I should tell you that I am licensed in Nova Scotia Brokerage (2021-3000179) Broker (2021-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).
p.s.s.s You can download my new mortgage app here