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Market Impact: 0.3
Has the arithmetic on variable vs. fixed mortgages changed? These brokers think so
Source: The Globe and Mail
Housing & Real EstateInterest Rates & Yields
The cheapest five-year fixed mortgage rates have risen from the high-3% range to the low-4% range in recent weeks. Variable mortgage rates remain cheaper at 3.4%, widening the relative cost advantage of floating-rate borrowing and adding pressure to housing affordability.
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