Mortgage rates are on the rise, which may lead you to believe that a fixed rate mortgage is the way to go, but it is it? There’s no denying the fact that there’s security in knowing what to expect from your mortgage payments. In fact, that security may become a blessing in the near future….
Finance Minister Jim Flaherty has been working on various banks to try to stop them getting involved in mortgage rate wars. With the first time that a fixed rate 5 year mortgage has been advertises at below 3% he has been scolding various institutions. Manulife received a warning when they were promoting a 2.89% five…
