Fixed vs Variable Rates

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Notes:

0:00 - Marcus asks Justin if he takes the Fixed or Variable Rate right now.
1:20 – What are the three decisions behind choosing a Fixed or Variable rate mortgages?
3:00 – What are the risks involved with these different decisions?
5:00 – What factors impact the price to borrow?
5:45 – What might be an indicator for rising lending rates?
8:00 – How important are COVID stimulus packages to the Canadian economy?
9:15 – Why are the Fixed and Variable rates so close together right now? (Hotdogs & Hamburgers)
11:12 – What to do if you are currently buying a property.
12:00 – We are not out of the woods yet! What is in store for the future?
14:00 – What direction could rates be headed next?
15:05 – What to consider if taking a fixed rate.
15:57 – What is the penalty to break a mortgage?
17:42 – Marcus summarizes our conversation.

#Mortgages #Cannect #CanadianEconomy