(Source: The Toronto Star)
It was only a matter of time before interest rates turned higher. They could hardly get much lower!
So recent increases in mortgage rates and bond yields have many homeowners wondering how high rates will go, how soon, and what they should do to save the most money.
They ask: Should I stick with a low variable interest rate? Or switch to a fixed rate? Should I pay a penalty to renegotiate my mortgage two years early so I can grab a lower rate for the next five years?
Read James Daw’s full article “How high will mortgage rates go?” in The Toronto Star (June 17, 2009).