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Stock impact report

Locking in your mortgage could save you money [MoneySense]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Company Research Source: MoneySense
But it also depends on your plans OTTAWA — Homeowners with variable-rate mortgages have seen their rates go up over the past year as the Bank of Canada has raised its key interest rate target four times. And now, with economists expecting the central bank to hike its target interest rate again next week, those who have continued to stick with the variable-rate option may again be thinking about converting to a fixed-rate mortgage. Scott Evans, a financial planner at BlueShore Financial in North Vancouver, B.C., says you should ask yourself why you decided to choose a variable-rate mortgage in the first place and if anything has changed. “Was it something that you really thought about or was it something that you just chose because it was the lower rate at the time,” he said. MORE:  How to read your mortgage documents The Bank of Canada has raised its key interest rate target by a quarter of a percentage point four times since July 2017, increasing it by a total of o Show less Read more
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