Current Market Trends
For those of you who have not been locked into your mortgage rates because a variable rate was better either last year or early in this year, now is the time to lock in your rates. The news/media is predicting several increases for 2019. By locking in your rate you will be faced with penalties should you decide to sell before the term is up but should you decide to stay in your home for a fixed time period you won't be experiencing the monthly payment increasing for the term.
Call your bank/mortgage broker to discuss your goals and dreams - they can make some changes to make you happier with the coming months!