What Do Rising Interest Rates Mean to Me?

Rising Interest Rates

Your purchasing power or borrowing power has come down in recent months, guaranteed. As rates rise, everybody's purchasing/borrowing power is decreased. 

As a mortgage professional, I'm often asked by folks to "run the numbers" so they know what heir options are when it comes to securing a mortgage. The problem we currently face is those "numbers" I ran a few months ago, typically no longer apply! 

There is a lot of misinformation and misunderstanding out there about interest rates. What impacts them, how do they impact you, and what are your options in today's current rate environment?

Check out this article put out by TD. If you're unsure how rising rates affect you, you're not alone and I encourage you to reach out to me for a chat so we can answer any questions you have and help make sense of it all. I can be reached by phone/text at 905-213-1475 anytime, or I'm always available by email at dan@dancaird.com.