Providing you with useful mortgage information is something I like to be able to do for you.
Here is an article from the Globe and Mail online that I just had to share with you.
"When it comes to interest rates, most of the attention is on the Bank of Canada’s overnight rate, which governs short-term lending. But it’s long-term fixed income rates that have the most affect on people’s wealth. Rising five-year, 10-year and 30-year yields impact everything from mortgage rates to portfolio returns.
Unlike the overnight rate, which the Bank of Canada is responsible for moving, the long-term rates shift based on what’s happening around the world."
Many people still think that the lowest rate is the best deal. That is not always the case. Getting the best mortgage deal that fits you and your lifestyle is a very delicate business and should be dealt with by a professional.
If you are in need of a mortgage professional I have a few that I like to recommend, so please don't hesitate to ask me.
Till next time ...