EPISODE 39: Discuss Article: ”Fixed Mortgage Rates Are Rising. Are Variable Rates Next?”

<p class="p1">A new Article from Canadian Mortgage Trend…”Fixed Mortgage Rates Are Rising. Are Variable Rates Next?”</p> <p class="p2"> </p> <p class="p1">Inflation a growing concern - Canada’s headline CPI growth rose to a higher-than-expected annualized rate of 4.8% as of December</p> <p class="p2"> </p> <p class="p1">record levels of inflation and high housing prices coincide with an anticipated economic rebound from the Omicron wave of the pandemic, some economists say.</p> <p class="p2"> </p> <p class="p1">The latest interest rate forecasts</p> <p class="p1">Bond markets are now pricing in an 86% chance of a 25-bps rate hike at next Wednesday’s rate meeting,</p> <p class="p2"> </p> <p class="p1">TD, RBC, CIBC are all predicting 3 rate increases in 2022 and another 3 rate increases in 2023…</p> <p class="p2"> </p> <p class="p1">Scotiabank is looking at 4 rate increases in 2022 and another 4 rate increases in 2023…</p> <p class="p2"> </p> <p class="p1">There is no reason to stress or panic… Message me here so we can schedule your Strategy Call…</p> <p class="p2"> </p> <p class="p3"><a href='https://www.linkedin.com/feed/hashtag/?keywords=emamortgageteam&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6796550648830816256'>#emamortgageteam</a> <a href='https://www.linkedin.com/feed/hashtag/?keywords=mortgagealliance&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6796550648830816256'>#mortgagealliance</a> <a href='https://www.linkedin.com/feed/hashtag/?keywords=mississaugarealestate&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6796550648830816256'>#mississaugarealestate</a> <a href='https://www.linkedin.com/feed/hashtag/?keywords=oakville&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6796550648830816256'>#oakville</a> <a href='https://www.linkedin.com/feed/hashtag/?keywords=oakvillerealestate&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6796550648830816256'>#oakvillerealestate</a> <a href='https://www.linkedin.com/feed/hashtag/?keywords=miltonontario&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A679655064883081