Mortgages: Fixed or Variable Rate?

The mortgage rates, fixed as well as variable has been steady for quite a long time during last year or so but since last May- June these have started changing, specially the fixed rates went up very fast. The rates have been hovering at historical lows however now these are expected to rise gradually. It’s the question home buyers always face: Should I get a fixed or variable rate mortgage? Which one would be more beneficial over the term of the mortgage? The prediction is not easy. Here is brief article giving some indication about rates to help home buyers.

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Dinesh Kapoor

Dinesh Kapoor

REALTORĀ®
CENTURY 21 Coastal Realty Ltd.
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