Leah Zlatkin quoted in the Toronto Star: ‘Canada’s fixed mortgage rates surge higher as bond yields continue to rise’

Leah Zlatkin, licensed mortgage broker and COO of Mortgage Outlet, says the difference between fixed and variable rates is giving borrowers pause to consider mortgage options.

“With variable rates still coming in below comparable fixed rates, I’m seeing more interest from clients who are weighing whether the lower rate is worth the added uncertainty,” Zlatkin said.

“That tradeoff isn’t for everyone, though, and some are still leaning toward fixed because the certainty of a consistent monthly payment matters more than the potential savings.”