Posts

Fixed or Variable Rate

What is the Trigger Rate

Trigger rates, or what prime rate increase means for your variable rate mortgage

The trigger rate for a variable rate mortgage occurs when the prime rate goes up so much that your fixed payment does not cover the interest you owe each month.

Bank of Canada Rate Increase

Bank of Canada Curveball – Debora Seehuber-Mann

So the Bank of Canada threw us a curveball this morning and raised it’s overnight rate AGAIN which directly impacts the Canada Prime rate.

Canada Bond yields and fixed rate mortgages

Learn how bonds affect your mortgage rate

The Bank of Canada financial policies are important to understand when we are watching mortgage rates. Canada Bond yields lead fixed-mortgage rates.

Fixed vs. Variable Rate Mortgage Which is Best?!?