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Canadian Homeowners See Variable Rate Mortgage Interest Climb Over 25%

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Mortgage Renewal in Cambridge, ON

Canadian homeowners are back to their borrowing binge, and paying more for it. Bank of Canada (BoC) data shows variable mortgage rates climbed into September. New variable rate mortgage borrowers are paying the highest average interest rate in at least half a decade.

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Original Article Source Credits: Better Dwelling , https://betterdwelling.com/

Article Written By:  NA 

Original Article Posted on : JANUARY 2, 2020

Link to Original Article: https://betterdwelling.com/canadian-homeowners-see-variable-rate-mortgage-interest-climb-over-25/#_

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