How Inflation Impacts Mortgage Rates in Canada.
With inflation influencing costs everywhere, many homeowners wonder how it impacts mortgage rates—especially those approaching renewal. Generally, inflation can lead to higher interest rates, as central banks try to control economic growth. For those with a renewal coming up, this means it may be wise to consider locking in a rate sooner rather than later if rates continue to climb.
I’ll help you navigate the renewal process amid inflationary pressures, analyzing current trends and advising on the best rate choice for your situation. At Mortgages Made Simple, I provide guidance that ensures your renewal keeps up with the market while supporting your budget.