EPISODE 39: Discuss Article: ”Fixed Mortgage Rates Are Rising. Are Variable Rates Next?”

2022-01-22

A new Article from Canadian Mortgage Trend…”Fixed Mortgage Rates Are Rising. Are Variable Rates Next?” Inflation a growing concern - Canada’s headline CPI growth rose to a higher-than-expected annualized rate of 4.8% as of December record levels of inflation and high housing prices coincide with an anticipated economic rebound from the Omicron wave of the pandemic, some economists say. The latest interest rate forecasts Bond markets are now pricing in an 86% chance of a 25-bps rate hike at next Wednesday’s rate meeting,

A new Article from Canadian Mortgage Trend…”Fixed Mortgage Rates Are Rising. Are Variable Rates Next?”

Inflation a growing concern - Canada’s headline CPI growth rose to a higher-than-expected annualized rate of 4.8% as of December

record levels of inflation and high housing prices coincide with an anticipated economic rebound from the Omicron wave of the pandemic, some economists say.

The latest interest rate forecasts

Bond markets are now pricing in an 86% chance of a 25-bps rate hike at next Wednesday’s rate meeting,

TD, RBC, CIBC are all predicting 3 rate increases in 2022 and another 3 rate increases in 2023…

Scotiabank is looking at 4 rate increases in 2022 and another 4 rate increases in 2023…

There is no reason to stress or panic… Message me here so we can schedule your Strategy Call…

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