New Make Money Count episode! It has been a while, but with all the talks of inflation and rising interest rates, we had to hop on to give our two cents. Inflation may seem scary, but as you'll hear in the episode, we don't believe the actions taken by the Bank of Canada will be as drastic as the markets may be pricing in because:
Show notes:
1:55 - Marcus predicted the bank rate hikes were media-driven over the last few months.
3:18 - Why Marcus thinks inflation issues might be exaggerated.
6:35 - Interest rates will go up. Where are they now?
8:34 - Media outlets and big brokers all thought we would see an overnight rate hike in January.
13:12 - Marcus still thinks the discount on the current variable rate is too good to pass up.
16:43 - Calling Cannect is the best way to determine the best course of action for your mortgage.
19:19 - The mortgage finance companies are setting the market for rates and banks decide when they want to compete.
21:00 - People are still in need of funds as a result of Covid
26:29 - Follow us at makemoneycount.com!
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