Should you go fixed or variable? 🤔With rates finally dropping, it’s tough to choose?

Rates are dropping, but unsure whether to go fi xed or variable? Here’s what you need to know: Fixed rates follow bond yields, while variable rates are tied to prime—but both are
fi
nally
trending down.
Fixed rates are expected to bottom out around 4.38% by the end of 2025. With current insured rates slightly higher, locking in a 5-year fi xed might be smart if you’re staying put. But if you’re uncertain or might move, consider a 3-year fi xed or variable rate. Variable rates, currently at 6.70%, are expected to drop to 4.70% by the end of 2026. While variable rates are currently higher than fi xed rates, you might save later as they continue to fall.
Let’s review your situation together and fi nd the best option for you.
Rajiv Verma
Mortgage Broker
📞 647-291-7116
📩 rajiv@simplifymortgage.ca
🌐 www.SimplifyMortgage.ca
#MortgageRates #FixedRates #LowerRates #HomeBuying #CanadianRealEstate #MortgageBroker #simplifymortgagesolutions #FinanceTips #HomeOwnership #bramptonrealestate #gtarealestate #mississaugarealestate #selfemployed

свернуть