Why there’s no reason to panic about rising rates
August 28th, 2013
There is a simple answer to all this hysteria about mortgage rates going up. Don’t lock in your rate.
I know it’s almost heresy to have a floating rate in a mortgage world dictated by Finance Minister Jim Flaherty, who thinks nothing about calling up the banks and telling them their rates are too low.
But the reality is that a variable rate mortgage tied to prime can still be had ...