50% Of Fixed Payment Variable-Rate Mortgages hit Trigger Point - BANK OF CANADA

Half of variable mortgage holders with fixed payments have hit trigger rate: Bank Of Canada
Hitting a trigger rate means a mortgage holder is no longer paying down any principal on their loan and is only covering interest — a key point that can prompt the lender to force a homeowner to make additional payments. #bankofcanada #mortgages #triggerrate #inflation