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What to watch for mortgage rates
(www.theglobeandmail.com)
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this post was submitted on 23 Jun 2023
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As someone with a renewal coming up in November, I guess Iโm interested to see just how much danger Iโm in. How exciting?
I had to go back and check. We are only 1 year into interest rate hikes. The maximum effect is probably going to be around year 3 or 4 when the majority of low interest mortgages have renewed into high interest.
Good luck for yours. Things are going to get expensive!