Mortgage Brokers Tell You What To Do About Rising Interest Rates

This week's episode takes a deeper dive into the Russia/Ukraine crisis and what it might lead to in this current economy. As we discussed last week, there are a lot of macroeconomic trends taking effect right now even without this crisis including inflation, increasing interest rates, surging oil prices, and more. If this crisis continues, how will it impact these current trends we are seeing? Have a listen to the episode to find out.

The Bank of Canada is meeting next on April 13th. Not only will any rate changes resulting from that meeting be important, but so will the way it gets communicated to us. We will see who wins the $50 bet. Matt says no change, Marcus says 25 bps, and Justin says 50 bps.

 

Click here to connect the the best mortgage brokers in Canada, Cannect Home Financing.

Click here to invest in the Cannect Mortgage Investment Corporation.

 

0:00 - Intro
2:00 - Ukraine and Russia and Economic Strategies
6:15 - Accommodating central banking policies
7:00 - Ground level effects & What the average consumer is worried about
8:00 - The math behind taking a variable rate mortgage
10:00 - Interest rate hikes & Monetary policy
11:40 - Inflation & Volatility in the market
15:30 - What to expect with your variable rate
17:50 - The housing market & Canada's economy
20:15 - What Cannect customers want to know
25:45 - Re-stabilizing the economy
32:55 - Where do we go when the nukes fall? 
36:00 - Do policies against Russian Oligarchs have any effect?
40:00 - Energy Policy affecting our Asset Security