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The Popularity Of Variable-Rate Mortgages Continues To Fall

Author: 
Steve Huebl
Publication date:
December 1, 2022
Article Summary: 

This blog post discusses the declining popularity of variable rate mortgages in Canada. The post notes that, historically, variable rate mortgages have been a popular choice among Canadian homebuyers due to their lower interest rates. However, in recent years, fixed-rate mortgages have become more popular due to their stability and predictability. The post also highlights the impact of rising interest rates on variable rate mortgages, which can cause monthly payments to increase significantly.

Keywords: 

variable rate mortgages, fixed-rate mortgages, interest rates, stability, predictability, monthly payments.

Source Citation: 
Steve Huebl
The Popularity Of Variable-Rate Mortgages Continues To Fall
December 1, 2022
nmortgagetrends.com/2022/12/the-popularity-of-variable-rate-mortgages-continues-to-fall/
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