Fixed rates will be better when interest rate go higher.

Posted by Gurpreet Ghatehora on Friday, March 14th, 2014 at 3:06pm.

According to BMO capital market, longer-term fixed mortgage rate may be sooner better deal for homebuyers than variable rates. Variable mortgage rates has been cost effective for homebuyers.  As economy is improving to continue long term rate will be beneficial for home buyers. Bank of Canada and Federal Reserve might increase interest rates in 2015.

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