Leads to lower rates?
The US 30 year fixed bottomed out at 2-2.5%, which seems about the same as the lowest 5 year fixed in Canada?
When Canadians have to renew at 5-7% in a few years that’s going to cause massive havoc.
The US 30 year fixed bottomed out at 2-2.5%, which seems about the same as the lowest 5 year fixed in Canada?
When Canadians have to renew at 5-7% in a few years that’s going to cause massive havoc.
But you can lock in a fixed rate that will be lower than a variable rate in the future when rates rise.