Variable Mortgage Rates to Rise as Prime Rates Hiked to 3.20%
Variable mortgage rates are increasing because prime rates have been increased to 3.20% and overnight target hiked from 0.50% to 1.00%
Variable mortgage rates are increasing because prime rates have been increased to 3.20% and overnight target hiked from 0.50% to 1.00%
With further rate hikes on the way, many Canadians have concerned whether the benefits of variable mortgage will be diminished.