Should you get a fixed-rate or variable mortgage? In these strange times, fixed has a rare edge

Author: External Author | | Categories: Home buying , Interest Rates , Mortgage Broker , Mortgage Services , Pre-Approval , Private Mortgage

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One of the classic personal-finance questions that mortgage borrowers face when they renew is whether to go with a variable rate or lock in a fixed rate for five years. It turns out that financial conditions now tend to favour the choice of a five-year fixed rate mortgage to an unusual degree.

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Original Article Source Credits:   The Star , https://www.thestar.com/

Article Written By:   David Aston

Original Article Posted on:   Nov. 22, 2020

Link to Original Article:  https://www.thestar.com/business/personal_finance/opinion/2020/11/22/our-strange-times-mean-fixed-rate-mortgages-have-a-rare-edge.html



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