Is a variable-rate mortgage always best?

An oft-cited 2001 study by York University finance professor Moshe Milevsky reveals that from 1950 to 2000, a variable-rate mortgage would have beaten out a fixed-rate mortgage almost 90 per cent of the time.

But with interest rates at incredibly low levels, many commentators are expecting rising rates from here on in. Does that mean it’s time to lock in at a fixed rate?

Ian Anderson

Ian Anderson

Affiliated Real Estate Agent
CENTURY 21 Trident Realty Ltd.
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