Fixed rate mortgage still the main choice for the home owners with variable rate mortgage gaining momentum. (canadianmortgageadvisor.ca)
A cut also likely means lower interest rates for variable rate mortgages, lines of credit and other loans based on the prime rate, likely to boost consumer spending. (moneysense.ca)
But the interest rate for fixed rate mortgage loans tends to be higher than that of variable rate mortgage loans. (badcreditloanservices.com)