So When Will Canadian Mortgage Rates Rise Again?

Author: External Author | | Categories: Mortgage Broker , Mortgage Rates , Mortgage Refinancing , Mortgage Services

Bank of Canada (BoC) Governor Tiff Macklem recently said that in these “unusual times” his Bank is willing to be “unusually clear that interest rates are going to be low for a long time.”

The question that follows naturally is: How long is a “long time”?

Are we talking five years?

Most Canadian mortgage borrowers are choosing between five-year fixed and variable mortgage rates today, so that is the time period of most interest to them.

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Original Article Source Credits:   Movesmartly ,

Article Written By:   David Larock

Original Article Posted on:  NA

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