A fixed rate mortgage, simply put, is a mortgage where your interest rate and monthly payments stay the same for the duration of the term, whether it's 6 months, 1 year, 2 years, 3 years, 4 years, 5 years, 6 years, 7 years, or even 10 years. Fixed rate mortgages are excellent ...
Based on Peter Draper’s study, I would have lost money for 2 years and saved money for 3 years. So, even with a huge leap of 9% in mortgage rates in the first 2 years of my mortgage, I still lost money with a 5-year fixed rate!
a three-year should save you more interest than virtually any otherterm. Here’s another thing to remember. The average mortgage lasts roughly 3.8 years. A three-year is therefore well-suited to those who might move or refinance before five years. Reason being, it lowers the odds you’ll ...
The Fund is organized as an open-ended mutual fund trust established under the laws of the Province of Ontario pursuant to a Declaration of Trust as amended and restated from time to time. The address of the Fund's registered office is 255 Dufferin Avenue, London, Ontario, Canada...
Conversely, duration management (sensitivity to interest rates) contributed to the Fund's performance, as did holdings in mortgage-backed securities and security selection in foreign government bonds. Over the period, exposure to the United States and to foreign government bonds increased based on the...
Corporate bonds Foreign government bonds Mortgage backed Cash and cash equivalents Short-term deposits % OF NAV 50.9 20.1 18.0 6.9 4.1 BONDS BY CREDIT RATING ** AA A BBB Less than BBB Unrated % OF NAV 10.0 3.0 23.0 35.7 10.1 * Notional values represent 7.3% of NAV for long bond ...