December 7, 2012 Leave a comment
Will we ever stop writing about which rate is better: fixed or variable?
And the answer will probably always be: “It depends.”
Yesterday, Rob Carrick from the Globe & Mail ran this story on why variable-rate mortgages should not be written off. Its main arguments are that rate risk has declined and historical studies support variable rates.
Well, in our books, Carrick is one of the best tell-it-like-it-is writers in personal finance. But this particular story needs at least a teaspoon of perspective.