As fixed-rate mortgage rates decline, experts caution against longer-term mortgages

As fixed-rate mortgage rates decline, experts caution against longer-term mortgages

11,458 View

Canadians aiming to purchase a home this year have a lot of decisions to juggle, and those looking to secure or renew mortgage agreements have seen rates on some longer-term products drop.

For the first time in months, some five-year fixed rates are sitting around the five per cent mark.

But as fixed-rate mortgage rates start to come down, some brokers are warning against locking-in longer-term mortgages.

Global's Kyle Benning reports.

For more info, please go to https://globalnews.ca/news/10219789/fixed-mortgage-rates-canada-january-2024/

Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB

#GlobalNews #Mortgages #Canada


Did you miss our previous article...
https://realestatevideos.club/Mortgages/mortgage-interest-rates-could-reach-sub-3-by-year-end-say-brokers