Smart Variable Rate Strategy
After that increase, many analysts foresee a pause of at least six months before rates resume higher. Rates are then expected to climb modestly until prime rate gets closer to its 4.65% ten-year average.
This scenario has some people thinking that a variable rate is just what the doctor ordered. If you happen to be in that boat, there’s an even better strategy to consider.
If you do a little digging you’ll find various brokers offering 1-year fixed rates near 2.25%. These offers are a fantastic alternative to variables, for a few simple reasons:”
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