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Fixed mortgages win over variable, says BMO economist
As the federal government warned it may again tighten mortgage rules, a Bank of Montreal economist says fixed mortgages `clearly trump` variable mortgages in today`s economy.
There are two reasons for the change of heart by Douglas Porter, deputy chief economist at BMO: the intense competition among lenders and the economic recovery in the U.S.
Read the full article here.
As the federal government warned it may again tighten mortgage rules, a Bank of Montreal economist says fixed mortgages `clearly trump` variable mortgages in today`s economy.
There are two reasons for the change of heart by Douglas Porter, deputy chief economist at BMO: the intense competition among lenders and the economic recovery in the U.S.
Read the full article here.