How to protect yourself from rising interest rates

Written By Stephanie Pasutto

We have experienced many changes to fixed interest rates the last few weeks. This is due largely in part to the increase in bond yields.

The expectation last year was that interest rates would push the economy into a recession, however, Canada's strong economic results have economists speculating the Bank of Canada will raise interest rates in July. There is an announcement coming tomorrow, but many economists are suggesting no change.

So what does this mean for you? Whether you have a mortgage coming up for renewal or you’re looking to make a purchase, It’s important to get a pre-approval so you can get a rate hold. A rate hold will protect you from increased rates for 120 days.

When you’re ready to get started, please call text or email me.

Stephanie Pasutto
Previous

FIRST TIME HOME BUYERS SERIES - Introduction
Next

When you should, and when you might not want to consider switching lenders at renewal.