Amid all the volatility, some modest fixed-rate relief is possible (opens original article in a new tab)

Amid market volatility, some modest fixed-rate mortgage relief may be possible if current conditions persist, with variable rates still favored by many borrowers due to their lower cost.

• About half of borrowers are using variable-rate mortgages due to a 55-60 basis point advantage over fixed rates.
• Oil prices and U.S. inflation expectations influenced Canadian mortgage rates, with potential for modest fixed-rate relief if current levels persist.
• Regional players and credit unions offer lower rates for uninsured mortgages compared to online brokers.