What mortgage rates are you getting ? Which bank? What term? Var , fixed? Received an approval for 3-year fixed at 4.4%. Looks too high given the BOC overnight dropping to 3.25%

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Mortgage rates are different from BoC rates and typically higher to account for lending cost and mortgage risk.

Fixed mortgage rates are determined by bond yields, whereas variable is impacted by BoC policy rates.

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Stay variable

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Why - given the inflation pull by tax break and sub par growth I expect the interest rates to stay same

Variable seems to be the way to go on the streets as further rate cuts expected. Policy neutral rate is 2.5-2.75%. For who to go to, always shop around for mortgages. This is one thing you must shop around and negotiate. Gotta be that difficult person. Your livelihood is at stake.

I renewed an Uninsured 5yr var at 4.7% at RBC last week (after rate drop).

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