Mortgage rates to rise in 2022.

The Mortgage world has been enjoying wonderful low rates for quite some time now. If the experts are correct and if the BOC follows through with its announcements we could be looking at several Key rate changes and changes to the bank rates. Now rates are so low that some small adjustments shouldn’t be a hardship for a majority of financed homeowners, but if rates escalate into numbers not seen in the last 10-30 years some people could find themselves in hot water. Take some time, google the rates in 1982-1985, 1990-1994, and again in 2003-2008, and take a look at what could be a shadow of tomorrow.

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