Update On the Bank of Canada's Latest Commentary with Implications for Canadian Mortgage Rates - Monday Morning Interest Rate Update (December 19, 2011).
In today's post, we run simulations to compare the cost of fixed and variable-rate mortgages under different interest-rate projections using current market rates.
Today's post highlights two new clauses to watch for in the standard mortgage charge terms being used by at least one Big Five bank. It is also a reminder of just how costly blind loyalty can be.