Fixed mortgage rates are on the rise, mortgage brokers warn – Global News
After hitting record lows this summer, some mortgage brokers are warning that fixed mortgage rates are starting to climb back up if only a little.
Just as the housing market gears up for the traditionally busy spring season, lenders across the country are announcing fixed-rate increases of between 0.1 and 0.2 of a percentage point, according to James Laird, co-founder of financial product comparisons site Ratehub.ca and president of CanWise Financial, a mortgage brokerage.
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