The Puzzling Reason Fixed Mortgage Rates are Increasing. Explained!
Автор: Conrad Neufeldt
Загружено: 2024-11-18
Просмотров: 1054
Описание:
This video is going to challenge some of the things you think you know about mortgages.
For instance, just because the Bank of Canada decreases their interest rate doesn't mean your variable mortgage rate goes down!
Or just because the Bank of Canada is dropping rates doesn't mean fixed rates will fall. In fact, they've actually been going up! How can this be?
If you've found this video helpful, help support me as a small content creator and share this video with your friends.
0:00 Did you know fixed rates have been going up?
0:32 The problem with our "common beliefs".
1:56 The 2 groups of people that exist post-pandemic.
2:39 Why fixed and variable do NOT have to move up or down together.
3:05 The real way variable rates are determined.
5:28 What makes fixed rates different?
6:28 The Bank of Canada and Investors don't have the same goals.
9:11 We have competing forces in our economy. Who wins?
10:31 Should I go fixed or variable?
Want to talk mortgages and real estate? Book a time to chat with me here:
https://calendly.com/canadianmortgage...
broker license: 316636 brokerage: 315872
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