Interest rates play a crucial role in determining your mortgage affordability. Here’s what buyers in Calgary need to know:
- Current Rates: Rates have been fluctuating but remain historically low, making now an ideal time to buy.
- Impact on Monthly Payments: A 1% increase in interest rates can significantly affect your mortgage.
- Tips for Locking in Rates: Consider fixed-rate mortgages to secure long-term stability.
- Rate Trends: Stay informed about economic factors influencing future rate changes.
Need more guidance? Contact us for personalized mortgage advice.
