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Money.ca on MSNFixed rates are falling — but variable rates won’t budge. Don’t let confusion cost you thousands. Here’s what you need to know before locking in your next mortgageA rare divergence in Canada’s mortgage market is giving homeowners more options, but those renewing in 2025 should understand ...
One common type of mortgage is a conventional loan with a 15-year fixed interest rate. With a fixed rate, your rate and monthly payment will stay the same throughout the life of the loan.
In light of President Trump's tariff announcements, mortgage rates have shot up for their biggest one-week gain since 2022.
The average rate on the 30-year fixed mortgage fell this week to 6.81%, according to the latest Freddie Mac data released on ...
It might also give pause to homeowners who are currently deciding whether to sign a conventional long-term fixed mortgage or a more risky variable rate. Robert Kavcic, senior economist with BMO ...
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