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Lock in to a fixed rate?

The assumption is that mortgage rates will increase in canada over the next 12 months. The dates and amount of increase are the million dollar questions.

Are you currently in a variable and watching the market each day? At what point will you lock into a fixed rate?

The main penalty is the ird and if its cost is greater than your planned savings then beware of breaking the mortgage. The numbers show that a 1year mortgage is traditionally the most effective but the annual paperwork can be a pain in the bum.
Sent wirelessly from my BlackBerry device on the Bell network.Envoyé sans fil par mon terminal mobile BlackBerry sur le réseau de Bell.