Variable Rate Warning

The Bank of Canada hasn’t hiked — but mortgage rates are already rising. Fixed rates are climbing as markets price in what might happen next, not what’s happened yet. And if that trend continues, variable-rate borrowers waiting for clarity could find themselves locking in at much worse rates than expected. #bankofcanada #canadianmortgages #canadianeconomy Links: Why waiting to lock in your variable rate often backfires: https://financialpost.com/real-estate/mortgages/its-time-to-lock-in-your-mortgage-rate Why the Iran war is making mortgage renewal feel like a ‘roller-coaster’: https://globalnews.ca/news/11724079/iran-war-mortgage-renewal/ Canada 5 Year Government Bond: https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice