We’re hearing a lot of talk about housing affordability. With the high cost of houses and homes comes bigger and bigger mortgages.
In many cases people stretch themselves in order to afford the payments.
You can’t just run and hide unfortunately but there are ways to manage your exposure.
You can lock in a fixed rate mortgage for instance. But it’s not something to do lightly and before doing anything you should talk to your Financial Advisor or at the very least to your Banker.
With talk of the American Fed getting close to putting up rates now is probably a better time than any.