Last week’s US inflation data offered a glimmer of hope that US inflation may finally have peaked (and that would be good news for Canadian mortgage rates).
The consensus expects the BoC to hike by 0.50% at its next meeting. Today's post offers my take, and also explains how fixed payment variable-rate mortgages work.
Today's post compares the risk of borrowing at five-year fixed rates after their recent dramatic rise to the risk that five-year variable rates will surge even higher.