Fixed mortgages now trump variable, report says. Not everyone agrees - GIC Wealth Management

CALL US TODAY!

1-866-228-9442
For Your Information Fixed mortgages now trump variable, report says. Not everyone agrees

Fixed mortgages now trump variable, report says. Not everyone agrees

Fixed-rate mortgages have gained an edge over variable-rate mortgages given the improving economy and attractive offers on longer-term deals, says a new report from economists at one of Canada’s big banks.

“Fixed now modestly trumps variable,” according to a BMO Nesbitt Burns study published Thursday. While many mortgage brokers agree with that assessment, others caution that locking into a fixed rate is not the best way to go.

To read the full article click here.