Fixed or Variable? Floating-Rate Mortgages Losing Their Lustre - Mortgage Rates & Mortgage Broker News in Canada

It can be one of the most difficult choices for mortgage borrowers—fixed rate or variable?

Thanks to historically low spreads between the two, that choice is becoming easier for many.

“If you’re in the trenches shopping for a new mortgage, I’m going to tell you something I’ve rarely told anyone in 13 years in this business: Variable rates are a gamble that you don’t need to take,” RateSpy founder Rob McLister wrote recently in the Globe and Mail.

Original Article Source Credits: CANADIAN MORTGAGE TRENDS, https://www.canadianmortgagetrends.com/

Article Written By: Steve Huebl

Original Article Posted on: August 6, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/08/fixed-or-variable-floating-rate-mortgages-losing-their-lustre/