How do fixed rates compare to variable rate mortgages?
Fixed rates are increasing at a faster pace compared to their variable-rate counterparts, according to a new market analysis by digital mortgage financing firm nesto.
In the year leading up to March 2021, nesto reported that its best rates changed 66 times, amounting to an average of 5.08 movements per month.
Original Article Source Credits: MortgageBrokerNews.ca , https://www.mortgagebrokernews.ca/
Article Written By: Ephraim Vecina
Original Article Posted on: 16 Apr 2021
Link to Original Article: https://www.mortgagebrokernews.ca/news/how-do-fixed-rates-compare-to-variable-rate-mortgages-355023.aspx