Wednesday, 14 June 2023
By Mortgage Outlet
Leah Zlatkin quoted in CMP Magazine: ‘Rates rise again – what’s changed for brokers?’
Little has changed in terms of the best advice for clients despite that rate jump, Zlatkin said. “I’ve been telling people two- and three-year fixed [are the best options] for a while now. That’s still the line that I’m going to tell with many of my clients,” she explained.
However, five-year Government of Canada bond yields started to climb in recent weeks – and rose further after the Bank’s latest decision – indicating that fixed rates, already on the up, are set to increase even more, Zlatkin noted.
