Review of the La Presse article: “But how on earth are fixed rates set?
De www.lapresse.ca – 1 octobre 2022
Many consumers wonder how fixed mortgage rates are set. This article explains it well: there are essentially three main components.
First, the influence of the policy rate on government bond yields. Second, the lenders’ profit margin. And third, the level of competition between lenders.
To these three important dimensions are added all the other factors that justify the value-added support of our Multi-Prêts Hypothèques brokers in every transaction. Once you understand how fixed rates are calculated, it becomes essential to be guided by a professional who can direct you toward the most competitive products best suited to your long-term goals.
Our brokers know the market, have strong negotiating power, and take the time to understand your needs in order to determine the best mortgage solution for you.