Low Variable Rates Should Carry Warning

Mortgagebrokernews.ca has a good article about why low variable rates should carry a warning.

I would tend to agree with this, which is why the majority of our current customers are being advised to choose a fixed rate rather than a variable. Historically that wasn’t always the case, but the strategy has to fit the times, and right now I’m supremely confident that the fixed-rate is a better choice for most. Of course, there are always exceptions…

Tell us what you think! What are your reasons for choosing fixed, variable, or a hybrid? The statistics show that overwhelmingly Canadians are choosing fixed rates at the moment.

My guess is that, while we enjoy the low rates at the moment, we don’t trust that it’ll last for long.