Quote:
Originally Posted by hulkrogan
Check out this site. You can see fixed rate vs variable rate over history: http://www.canequity.com/mortgage_rate_history.stm
Fixed rates are based on what rate people are willing to lend future money at, which is a whole different ball game than variable rates that follow the BOC rate (mostly). |
I guess that makes sense, with fixed you have to bet on the future, I just thought it was a internal bank algorithm or something, thank you!