23: Interest Rates DECLINING in Canada - July Rate Update
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23: Interest Rates DECLINING in Canada - July Rate Update
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EPISODE DESCRIPTION
In this episode, Tom & Brandon share today's rates, look at how the US is affecting the rates, and putting it together so it makes sense to the average Canadian.
What was discussed: → The differences between fixed and variable rates, the bond market, and the overnight prime rate. → The impact of inflation, unemployment rate, and the upcoming US election. → 5 year term averages for different types of mortgages, insured mortgages, uninsured mortgages, fixed, and variable.
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