This Week’s Best Mortgage Rates *1.
Bond yields are up… yet the Bank of Canada appears poised to reduce interest rates.
For the first time in years, this unusual combination could put variable mortgage rates lower than fixed rates.
Many industry professionals see this as a return to a more balanced rate structure.
After all, variable-rate mortgages carry more risk for borrowers, so they’ve traditionally been priced a bit lower than fixed-rate options to reflect that risk.
Of course, no one can predict the future, but this shift could signal a more traditional and potentially beneficial setup for borrowers considering their mortgage options.
*1. These rates are for informational purposes only and may change without notice. While I do my best to keep everything accurate and up to date, I recommend double-checking with the lender or reaching out to me directly to confirm any details before making decisions.
