Tuesday, 13 August 2024
By Leahs Mortgages
Leah Zlatkin interviewed by BNN Bloomberg: “Mortgage broker predicts higher demand for variable products amid rate cut expectations”
“I think in the next few weeks, we’re going to see a lot of people really starting to switch to variable, especially as the news comes out that we’re expecting two to three more (interest rate) decreases this year,” Leah Zlatkin, a licensed mortgage broker and COO of Mortgage Outlet, said in an interview with BNNBloomberg.ca on Tuesday.
Zlatkin said she is seeing some clients signing up for variable-rate mortgages and others sticking to fixed-rate products.
She added there are some factors which “savvy clients” are looking at when choosing a mortgage. Zlatkin said this includes the fact that Canadian bond yields have been “quite volatile” and expectations are that fixed rates will continue to trend downward.
