{"id":179,"date":"2026-10-15T10:00:00","date_gmt":"2026-10-15T10:00:00","guid":{"rendered":"https:\/\/www.lmrealestate.ca\/blog\/?p=179"},"modified":"2026-10-15T10:00:00","modified_gmt":"2026-10-15T10:00:00","slug":"choosing-a-mortgage-after-a-rate-hold","status":"publish","type":"post","link":"https:\/\/www.lmrealestate.ca\/blog\/2026\/10\/15\/choosing-a-mortgage-after-a-rate-hold\/","title":{"rendered":"Choosing a Mortgage After a Rate Hold"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/ravi-chadha\/choose-mortgage-rate-remotion-videos-6d23\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>After Canada&#039;s recent rate hold, policy stayed near low-2% and prime near mid-4%, leaving the fixed-versus-variable decision centered on payment flexibility and term length.<br \/>\nFixed mortgage pricing moved higher as government bond yields climbed in current weeks, while the central bank flagged inflation risks, sharpening attention on variable-rate exposure.<br \/>\nA quarter-point variable-rate increase adds ~$1.25K in first-year interest for every $500K borrowed, before amortization effects, making payment stress-testing essential for borrowers.<br \/>\nVariable mortgages often carry lower prepayment penalties, helping borrowers who may sell or refinance early, while fixed-payment variable loans can send more payment toward interest.<br \/>\nBoth mortgage types face the same stress test: borrowers qualify at contract rate plus roughly two points or a low-5% floor, whichever is higher.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>After Canada&#039;s recent rate hold, policy stayed near low-2% and prime near mid-4%, leaving the fixed-versus-variable decision centered on payment flexibility and term length. Fixed mortgage pricing moved higher as government bond yields climbed in current weeks, while the central bank flagged inflation risks, sharpening attention on variable-rate exposure. A quarter-point variable-rate increase adds ~$1.25K [&hellip;]<\/p>\n","protected":false},"author":230,"featured_media":180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/users\/230"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/comments?post=179"}],"version-history":[{"count":1,"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/179\/revisions"}],"predecessor-version":[{"id":199,"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/179\/revisions\/199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/media\/180"}],"wp:attachment":[{"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/media?parent=179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/categories?post=179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lmrealestate.ca\/blog\/wp-json\/wp\/v2\/tags?post=179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}