“As with all financial transactions, mortgages are driven by supply and demand, and underlying economic factors.”
To get a better understanding of the differences between variable and fixed mortgage rates, and how mortgage rates are set, read the following article. Knowledge is power and when you’re familiar with your options it will be much easier to find the mortgage that’s most suitable for you.
How Mortgage Rates are Set by Idriss Bouhmouch
For more information contact Bill Brandsma Real Estate at 403-253-5678, serving Calgary & the Surrounding Area.