My variable mortgages are up for renewal on a few of my single family properties.
Currently the variable mortgages are about 2.35%. Scotiabank, the current lender, is offering me 3% fixed for 5 years.
Is this a good time to fix the mortgages to take advantage of the low rates or ride with the low variables for a while?
Is 3% fixed reasonable. A quick review of Google search shows low rates as 2.64% for a fixed rate.
Currently the variable mortgages are about 2.35%. Scotiabank, the current lender, is offering me 3% fixed for 5 years.
Is this a good time to fix the mortgages to take advantage of the low rates or ride with the low variables for a while?
Is 3% fixed reasonable. A quick review of Google search shows low rates as 2.64% for a fixed rate.