Could you handle your mortgage payments if interest rates went up by 1%?
In a recent survey by Manulife Bank of Canada over one thrid of people surveyed said that if their mortgage payments increased by 10% they would not be able to cope with the new payment. A 10% increase on mortgage payments on a $200,000 mortgage equates to just a 1% rise in interest rates.
Click on the link to read more....
Data supplied by CREB®’s MLS ® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.