Go Variable to Save Your Money

April 8, 2010

There has been a huge debate on whether to take variable rate or a fixed rate. With the fixed rates raised last week at the current level, our recommendation for tripple A borrowers is to choose variable rate mortgages. Homeowners will save money considerably in comparison with fixed rate plans in the next two years.

For more details, visit my blog at Valueland's Blog.

A recent report from CIBC by its chief economist states that interest rates may remain low through 2011.