The U.S. Federal Reserve liftoff has arrived, announcing a quarter of a percentage hike to between 0.25 – 0.5%. What does this mean for Canadians and our cost of borrowing? Read on to find out.
Mortgages Spotlight: U.S. uncertainty drives investors to safe haven government of Canada bonds, driving yields and fixed mortgage rates moderately lower.
The turbulent month of May has passed, and it’s onward to June! With 5 Year and 10 Year Fixed Rates hitting all time lows, many consumers are considering a longer than usual term – and they’re giving 10 Year rates a second glance. But what implications does this hold for those who may need to break their mortgage? We look at the pros and cons of making a long term mortgage commitment.