Alert: Mortgage Rates Could Go Higher in 2021
Mortgage rates across Canada are at an all-time low. You can currently lock in a five-year fixed rate for as low as 1.35%. That’s allowed more homebuyers to enter the market and push prices up. However, the rate could be poised to surge later this year, which could have far-reaching repercussions for the Canadian economy, stock market, and property prices.
If you’re an investor or homeowner, here’s what you need to know.
Original Article Source Credits: The Motley Fool , https://www.fool.ca/
Article Written By: Vishesh Raisinghani
Original Article Posted on: February 25, 2021
Link to Original Article: https://www.fool.ca/2021/02/25/alert-mortgage-rates-could-go-higher-in-2021/