A floating interest rate, also known as a variable rate or adjustable rate, refers to any loan that is not…

Within a fixed rate mortgage, you will have the security of knowing that your mortgage payment and interest rate will…

The Bank of Canada meets 8 times each calendar year to analyze the Canadian economy and to decide on whether…

If you have a mortgage today, your payment will change approximately $12 - $13 for every $100,000 that you owe…

Fixed Rate Mortgage Pro’s Fixed rates give the borrower the certainty of a static payment each month. In a rate rising environment,…

Choosing between a fixed-rate and variable-rate mortgage depends on your financial goals, risk tolerance, and outlook on interest rate movements.…

The main risk of a variable-rate mortgage is the potential for higher payments if interest rates increase. We discuss risk…

Yes, many lenders offer the option to switch from a variable rate to a fixed-rate mortgage during the term of…

Variable-rate mortgages typically adjust based on changes to the prime lending rate or other benchmark rates, with adjustment periods ranging…

When comparing mortgage rates, consider the initial rate and the potential for future rate adjustments, associated fees, prepayment options, and…