How does Inflation Affect Your Mortgage?
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The value of your home will go down if there is inflation. If your mortgage is at a fixed rate and if inflation increases, your mortgage rate will not go down. If you have a variable rate mortgage, then your interest rate will be adjusted to. A mortgage is a great way to invest in property, but it's important to know how inflation affects your mortgage. Contact us today to know more information about mortgage rate lower than inflation in BC.