NOAToday.ca

"Mortgage penalties are probably hated about as much as taxesbut tenfold. Particularly when those penalties reach into the five figures."

Uninsured borrowers can qualify for a mortgage today at rates as low as 2.97% on a 5-year fixed. In a few months that hurdle will jump to almost 5%.

What are your thoughts? Will we ever see rates near 5% again?

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