Trigger Rate
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Half of variable mortgage holders with fixed payments have hit trigger rate: BoCThe Bank of Canada is estimating that nearly two-thirds of variable-rate mortgage holders on fixed payments will hit their trigger rate by mid-2023.ConsumerNov 22, 2022
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Trigger point: Why some mortgage holders may have to pay more as interest rates riseAs interest rates rise, more mortgage holders and their lenders are talking about 'trigger rates.' Here's what you need to know and who could soon be paying more.MoneySep 7, 2022
