So we see things on the news, hear them again on the radio, then (sometimes) learn another version of it all from friends, family, or random blog posts. Here's a summary of what's really going on.
What to expect with the Bank of Canada's 2nd increase of their Overnight Rate this year... This change affects variable interest rate mortgages and any credit facilities that are tied to Prime (such as credit cards, lines of credits, and loans).
Interest rates are on the rise. What's happening? If you have a variable rate, should you consider locking in? What is you already have a fixed rate? What if you're still house-hunting?
One of the first (and most asked) questions I hear is, “What is today’s best rate?”. The answer truly isn’t that simple. Why? Today I’m going to focus on “A” Lenders and assume you have average to excellent credit. Given that scenario, the rates offered by different Lenders range based on: HOW FAST YOUR POSSESSION… Continue reading “BUT SERIOUSLY… WHAT’S TODAY’S BEST RATE?”