Up to 80% of variable-rate borrowers have hit their trigger rate: National Bank

The article titled "Up to 80% of Variable Rate Borrowers Have Hit Their Trigger Rate: National Bank" discusses the impact of trigger rates on borrowers with variable rate mortgages. According to the National Bank, up to 80% of borrowers have reached their trigger rate, resulting in an increase in their mortgage payments. The article examines the reasons behind this trend, including rising interest rates and changes in the lending environment. It emphasizes the importance for borrowers to be aware of trigger rates and their potential financial implications when considering variable rate mortgages.