As a mortgage professional who enjoys numerical analyses and economic discussions, I have had numerous conversations with financial planners, colleagues and clients of mine regarding the direction of interest rates in the future. What's happening in Europe? What if Greece pulls out of the Euro zone? Impact of US dollar on Canadian dollar? Inflation? Mr. Carney and Mr. Flaherty warnings regarding increased household debt?
The above video captures the compelling argument that now more then ever is a golden opportunity to lock into a 10 year fixed mortgage.
I really hope that as many people as possible see this post. I think there is a small window of opportunity since rates may rise at anytime. Please share this post via social media. Afterall knowledge is power and making decisions based on data is powerful.
Please feel free to contact me to discuss your questions or comments regarding the 10 year mortgage.