{"id":474,"date":"2022-12-22T04:06:00","date_gmt":"2022-12-22T04:06:00","guid":{"rendered":"https:\/\/mortgagestogo.ca\/blog\/?p=474"},"modified":"2022-12-09T05:25:18","modified_gmt":"2022-12-09T05:25:18","slug":"when-is-the-best-time-to-get-a-variable-rate-mortgage","status":"publish","type":"post","link":"https:\/\/mortgagestogo.ca\/blog\/when-is-the-best-time-to-get-a-variable-rate-mortgage\/","title":{"rendered":"When is the best time to get a variable-rate mortgage | MORTGAGESTOGO.CA"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lbg2djvc-239f44b39644353689a59479144a682b\">\n#top .av-special-heading.av-lbg2djvc-239f44b39644353689a59479144a682b{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-lbg2djvc-239f44b39644353689a59479144a682b .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-lbg2djvc-239f44b39644353689a59479144a682b .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-lbg2djvc-239f44b39644353689a59479144a682b av-special-heading-h1 blockquote modern-quote modern-centered  avia-builder-el-0  el_before_av_textblock  avia-builder-el-first '><h1 class='av-special-heading-tag'  itemprop=\"headline\"  >When is the best time to get a variable-rate mortgage<\/h1><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div>\n<section  class='av_textblock_section av-lb0zq61d-996704ab863edd217bc1f336ba9ce407'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">You&#8217;ll save money each month on your payments and in the long run by taking out a variable-rate mortgage when interest rates are low. By locking in a lower interest rate now, you&#8217;ll pay less interest over the duration of the loan.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">When is the best time to get a variable-rate mortgage?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Variable-rate mortgages are at their most favourable terms during the spring market.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">The benefits of a variable-rate mortgage<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">With a variable-rate mortgage (also called an adjustable-rate mortgage, or ARM), the interest rate on the outstanding balance of the loan varies over time. Usually, the initial interest rate is lower than that of a comparable fixed-rate loan, resulting in lower monthly payments during the initial period of the loan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Variable-rate mortgages typically have lower interest rates than fixed-rate loans, especially during the initial loan period. This can be a great money-saver for borrowers who think they&#8217;ll sell or refinance their homes before the initial period is up. For example, if someone has an original loan amount of $200,000 with an interest rate of 4%, the monthly payment would be $955. However, if rates rise to 6%, the monthly payment on the same loan amount would increase to $1,199 \u2013 a difference of $244 per month.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another advantage is that variable-rate mortgages give homeowners more wiggle room in their budgeting, as payment sums can differ from month to month. This can come in handy for those who are self-employed or have an inconsistent income.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are some risks that come along with variable-rate mortgages as well. Most significantly, if interest rates go up during the life of the loan \u2013 as they did after the 2008 financial crisis \u2013 borrowers could end up having to pay much more each month than they initially thought. Consequently, it\u2019s important to thoughtfully evaluate your personal situation before deciding if a variable-rate mortgage is the best option for you.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">The risks of a variable-rate mortgage<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A variable-rate mortgage, or a floating-rate mortgage, is a type of home loan in which the interest rate varies along with market interest rates. The monthly payments on a variable-rate mortgage will fluctuate when the interest rate changes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Variable-rate mortgages are often considered high-risk because your monthly payment could jump significantly if market interest rates go up. For example, you could see your monthly payment increase by over $200 if you have a variable-rate mortgage with an interest rate of 3% and market rates rise to 5%. This type of increase can be tough to manage on a tight budget.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are okay with a bit of risk and confident you can handle monthly payments if interest rates go up, a variable-rate mortgage is likely best for you. If you don&#8217;t feel comfortable with this level of risk or doubt your ability to make payments, a fixed-rate mortgage may be a wiser choice.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">How to choose the right variable-rate mortgage<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You can save a lot of money on your mortgage by choosing a variable-rate mortgage, but only if you select the right one. There are many different kinds of variable-rate mortgages, so you should compare them before making a decision.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The most vital element to think about when picking a variable-rate mortgage is the interest rate. Some mortgages have higher interest rates than others, so it\u2019s crucial to compare rates before making a decision.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The term of the mortgage is another thing to think about. Some mortgages have shorter terms than others, so it\u2019s important to compare the length of different mortgages when you\u2019re making your decision.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, the fees connected to each mortgage should be taken into account. Some mortgages have steeper fees than others, so it\u2019s key to compare the fees before making a decision.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">The pros and cons of a variable-rate mortgage<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A variable-rate mortgage is a home loan whose interest rate changes over time. Your mortgage&#8217;s interest rate is set by several things, such as the Bank of England base rate, the length of your mortgage term, and your lender\u2019s standard variable rate (SVR).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Weighing the pros and cons is essential before you apply for a variable-rate mortgage, as it could help you take advantage of decreasing interest rates; though, your monthly repayments might also go up if rates rise.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The advantages of a variable-rate mortgage<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Your monthly repayments could potentially decrease if interest rates go down.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">-You could potentially overpay without being penalized, which could help you pay off your mortgage more quickly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If mortgage rates go up and you would feel more comfortable with the stability of fixed monthly repayments, you may be able to switch to a fixed-rate mortgage without being charged a penalty.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Drawbacks of a variable-rate mortgage<\/span><\/p>\n<p><span style=\"font-weight: 400;\">-Your monthly repayments could increase if interest rates go up<\/span><\/p>\n<p><span style=\"font-weight: 400;\">-An early repayment charge (ERC) may apply if you want to switch to a different mortgage type before your initial deal period ends.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">The bottom line on variable-rate mortgages<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Your interest rate will change along with the prime lending rate set by Canadian banks with a variable-rate mortgage \u2013 meaning your payments could increase or decrease.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The main perk of a variable-rate mortgage is that you could save money if interest rates go down. That&#8217;s because lower monthly payments come with a lower interest rate. On the other hand, you might have to pay more each month than you would with a fixed-rate mortgage if rates go up.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Variable-rate mortgages are most advantageous for borrowers who:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; are willing to take on additional risk; and<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; are confident they can afford higher monthly payments if interest rates go up.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">FAQs about variable-rate mortgages<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A variable-rate mortgage is a home loan where the interest rate is not set and can fluctuate over time. The advantage of a variable-rate mortgage is that the interest rate may be lower than a fixed-rate mortgage at the beginning of the loan, which can save you money. However, as interest rates go up, your monthly payments with a variable-rate mortgage can also increase.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The following are some frequently asked questions about variable-rate mortgages to assist you in deciding if this kind of home loan is right for you:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Q: How frequently can the interest rate on a variable-rate mortgage change?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The frequency of interest rate changes usually is once per year, but it might be different depending on your lender.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Q: How much can the interest rate on a variable-rate mortgage fluctuate?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A: The answer to this question differs depending on your lender, but generally speaking, the maximum amount that the interest rate can go up or down is 2% annually. Even if interest rates increased by 2% each year, it would still take a few years for the payments on your variable-rate mortgage to surpass those of a comparable fixed-rate mortgage.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Q: Can I lock in my interest rate with a variable-rate mortgage?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A: No, you cannot lock in your interest rate with a variable-rate mortgage.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Q: Do most lenders offer the option to lock in your interest rate for a period of time?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A: Yes, most lenders offer the option to lock in your interest rate for a period of time (usually 1-5 years) at a higher cost. This can give you some peace of mind if you&#8217;re worried about rising interest rates.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Q: Are there any other risks associated with a variable-rate mortgage?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A: With a variable-rate mortgage, another risk in addition to increasing interest rates is that if you must sell your home before the end of your term, you could end up owing more than the market value of your home at that time if interest rates have gone up since you originally took out your loan. However, this risk applies to all types of mortgages \u2013 not just variable-rate ones.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">5 things to know about variable-rate mortgages<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The interest rate for a variable-rate mortgage also called an adjustable-rate mortgage, may go up or down periodically over the life of the loan according to changes in an index such as the U.S. Prime Rate or the London Interbank Offered Rate (LIBOR).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although a variable-rate mortgage may have lower monthly payments, to begin with, it could end up costing more in the long run if interest rates go up.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here are five things you should know about variable-rate mortgages:<\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\"> The interest rate for a variable-rate mortgage may fluctuate over time.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> The monthly cost of a variable-rate mortgage can go up or down depending on whether interest rates increase or decrease.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> The terms for variable-rate mortgages are generally shorter than those of fixed-rate mortgages, so the interest rate changes may occur more often during the life of the loan.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Some lenders offer adjustable-rate mortgages that come with interest rate caps, limiting how much your payments could increase or decrease.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Weigh the pros and cons of a variable-rate mortgage against a fixed-rate mortgage to see which one is best for you.<\/span><\/li>\n<\/ol>\n<table>\n<tbody>\n<tr>\n<td colspan=\"2\"><span style=\"font-weight: 400;\">MortgagesToGo.ca<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Website<\/span><\/td>\n<td><a href=\"http:\/\/mortgagestogo.ca\/\"><span style=\"font-weight: 400;\">Mortgagestogo.ca<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Services<\/span><\/td>\n<td><span style=\"font-weight: 400;\">New purchase, refinancing and equity takeouts, mortgage transfer, mortgage renewal Rates<\/span><a href=\"https:\/\/mortgagestogo.ca\/mortgage-rates\/\"><span style=\"font-weight: 400;\">\u00a0<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Rates<\/span><\/td>\n<td><a href=\"https:\/\/mortgagestogo.ca\/mortgage-rates\/\"><span style=\"font-weight: 400;\">https:\/\/mortgagestogo.ca\/mortgage-rates\/<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Address<\/span><\/td>\n<td><span style=\"font-weight: 400;\">223, 14 Street NW Calgary, AB T2N 1Z6<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Contact Details<\/span><\/td>\n<td><span style=\"font-weight: 400;\">(587) 812-4139<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Operating Hours<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Monday &#8211; Saturday 9 AM &#8211; 9 PM<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-475 aligncenter\" src=\"https:\/\/mortgagestogo.ca\/blog\/wp-content\/uploads\/2022\/11\/Untitled-design-32-300x300.png\" alt=\"variable mortgage rate\" width=\"300\" height=\"300\" srcset=\"https:\/\/mortgagestogo.ca\/blog\/wp-content\/uploads\/2022\/11\/Untitled-design-32-300x300.png 300w, https:\/\/mortgagestogo.ca\/blog\/wp-content\/uploads\/2022\/11\/Untitled-design-32-1024x1024.png 1024w, https:\/\/mortgagestogo.ca\/blog\/wp-content\/uploads\/2022\/11\/Untitled-design-32-150x150.png 150w, https:\/\/mortgagestogo.ca\/blog\/wp-content\/uploads\/2022\/11\/Untitled-design-32-768x768.png 768w, https:\/\/mortgagestogo.ca\/blog\/wp-content\/uploads\/2022\/11\/Untitled-design-32-36x36.png 36w, https:\/\/mortgagestogo.ca\/blog\/wp-content\/uploads\/2022\/11\/Untitled-design-32-180x180.png 180w, https:\/\/mortgagestogo.ca\/blog\/wp-content\/uploads\/2022\/11\/Untitled-design-32-705x705.png 705w, https:\/\/mortgagestogo.ca\/blog\/wp-content\/uploads\/2022\/11\/Untitled-design-32-600x600.png 600w, https:\/\/mortgagestogo.ca\/blog\/wp-content\/uploads\/2022\/11\/Untitled-design-32.png 1080w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<\/div><\/section>\n","protected":false},"excerpt":{"rendered":"<p>Variable-rate mortgages offer some of the lowest interest rates available. But when is the best time to get one? Compare offers from multiple lenders and find out now.<\/p>\n","protected":false},"author":3,"featured_media":475,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[12],"tags":[63,51,66,65],"class_list":["post-474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgages","tag-mortgage-frequencies","tag-mortgage-rate","tag-variable-mortgage-rate","tag-variable-rate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>When is the best time to get a variable-rate mortgage | MORTGAGESTOGO.CA - Mortgagestogo.ca Blog<\/title>\n<meta name=\"description\" content=\"Variable-rate mortgages offer some of the lowest interest rates available. But when is the best time to get one? Compare offers from multiple lenders and find out now.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mortgagestogo.ca\/blog\/when-is-the-best-time-to-get-a-variable-rate-mortgage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"When is the best time to get a variable-rate mortgage | MORTGAGESTOGO.CA - Mortgagestogo.ca Blog\" \/>\n<meta property=\"og:description\" content=\"Variable-rate mortgages offer some of the lowest interest rates available. But when is the best time to get one? Compare offers from multiple lenders and find out now.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mortgagestogo.ca\/blog\/when-is-the-best-time-to-get-a-variable-rate-mortgage\/\" \/>\n<meta property=\"og:site_name\" content=\"Mortgagestogo.ca Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-22T04:06:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mortgagestogo.ca\/blog\/wp-content\/uploads\/2022\/11\/Untitled-design-32.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"mortgages2go22@gmail.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mortgages2go22@gmail.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/when-is-the-best-time-to-get-a-variable-rate-mortgage\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/when-is-the-best-time-to-get-a-variable-rate-mortgage\\\/\"},\"author\":{\"name\":\"mortgages2go22@gmail.com\",\"@id\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/#\\\/schema\\\/person\\\/c10ea6685f40e319d2fe3f46e6aef41f\"},\"headline\":\"When is the best time to get a variable-rate mortgage | MORTGAGESTOGO.CA\",\"datePublished\":\"2022-12-22T04:06:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/when-is-the-best-time-to-get-a-variable-rate-mortgage\\\/\"},\"wordCount\":1700,\"image\":{\"@id\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/when-is-the-best-time-to-get-a-variable-rate-mortgage\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/Untitled-design-32.png\",\"keywords\":[\"mortgage frequencies\",\"mortgage rate\",\"variable mortgage rate\",\"variable rate\"],\"articleSection\":[\"Mortgages\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/when-is-the-best-time-to-get-a-variable-rate-mortgage\\\/\",\"url\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/when-is-the-best-time-to-get-a-variable-rate-mortgage\\\/\",\"name\":\"When is the best time to get a variable-rate mortgage | MORTGAGESTOGO.CA - Mortgagestogo.ca Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/when-is-the-best-time-to-get-a-variable-rate-mortgage\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/when-is-the-best-time-to-get-a-variable-rate-mortgage\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/Untitled-design-32.png\",\"datePublished\":\"2022-12-22T04:06:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/#\\\/schema\\\/person\\\/c10ea6685f40e319d2fe3f46e6aef41f\"},\"description\":\"Variable-rate mortgages offer some of the lowest interest rates available. But when is the best time to get one? Compare offers from multiple lenders and find out now.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/when-is-the-best-time-to-get-a-variable-rate-mortgage\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/when-is-the-best-time-to-get-a-variable-rate-mortgage\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/when-is-the-best-time-to-get-a-variable-rate-mortgage\\\/#primaryimage\",\"url\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/Untitled-design-32.png\",\"contentUrl\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/Untitled-design-32.png\",\"width\":1080,\"height\":1080,\"caption\":\"variable mortgage rate\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/when-is-the-best-time-to-get-a-variable-rate-mortgage\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"When is the best time to get a variable-rate mortgage | MORTGAGESTOGO.CA\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/\",\"name\":\"Mortgagestogo.ca Blog\",\"description\":\"When the Banks say NO TRUST Mortgagestogo.ca\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/#\\\/schema\\\/person\\\/c10ea6685f40e319d2fe3f46e6aef41f\",\"name\":\"mortgages2go22@gmail.com\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/859c3a2b9af696582346d3cdf4d39e85b9670d7dd9242817d49171027e0a32a4?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/859c3a2b9af696582346d3cdf4d39e85b9670d7dd9242817d49171027e0a32a4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/859c3a2b9af696582346d3cdf4d39e85b9670d7dd9242817d49171027e0a32a4?s=96&d=mm&r=g\",\"caption\":\"mortgages2go22@gmail.com\"},\"url\":\"https:\\\/\\\/mortgagestogo.ca\\\/blog\\\/author\\\/mortgages2go22gmail-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"When is the best time to get a variable-rate mortgage | MORTGAGESTOGO.CA - Mortgagestogo.ca Blog","description":"Variable-rate mortgages offer some of the lowest interest rates available. But when is the best time to get one? Compare offers from multiple lenders and find out now.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mortgagestogo.ca\/blog\/when-is-the-best-time-to-get-a-variable-rate-mortgage\/","og_locale":"en_US","og_type":"article","og_title":"When is the best time to get a variable-rate mortgage | MORTGAGESTOGO.CA - Mortgagestogo.ca Blog","og_description":"Variable-rate mortgages offer some of the lowest interest rates available. But when is the best time to get one? Compare offers from multiple lenders and find out now.","og_url":"https:\/\/mortgagestogo.ca\/blog\/when-is-the-best-time-to-get-a-variable-rate-mortgage\/","og_site_name":"Mortgagestogo.ca Blog","article_published_time":"2022-12-22T04:06:00+00:00","og_image":[{"width":1080,"height":1080,"url":"https:\/\/mortgagestogo.ca\/blog\/wp-content\/uploads\/2022\/11\/Untitled-design-32.png","type":"image\/png"}],"author":"mortgages2go22@gmail.com","twitter_card":"summary_large_image","twitter_misc":{"Written by":"mortgages2go22@gmail.com","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mortgagestogo.ca\/blog\/when-is-the-best-time-to-get-a-variable-rate-mortgage\/#article","isPartOf":{"@id":"https:\/\/mortgagestogo.ca\/blog\/when-is-the-best-time-to-get-a-variable-rate-mortgage\/"},"author":{"name":"mortgages2go22@gmail.com","@id":"https:\/\/mortgagestogo.ca\/blog\/#\/schema\/person\/c10ea6685f40e319d2fe3f46e6aef41f"},"headline":"When is the best time to get a variable-rate mortgage | MORTGAGESTOGO.CA","datePublished":"2022-12-22T04:06:00+00:00","mainEntityOfPage":{"@id":"https:\/\/mortgagestogo.ca\/blog\/when-is-the-best-time-to-get-a-variable-rate-mortgage\/"},"wordCount":1700,"image":{"@id":"https:\/\/mortgagestogo.ca\/blog\/when-is-the-best-time-to-get-a-variable-rate-mortgage\/#primaryimage"},"thumbnailUrl":"https:\/\/mortgagestogo.ca\/blog\/wp-content\/uploads\/2022\/11\/Untitled-design-32.png","keywords":["mortgage frequencies","mortgage rate","variable mortgage rate","variable rate"],"articleSection":["Mortgages"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/mortgagestogo.ca\/blog\/when-is-the-best-time-to-get-a-variable-rate-mortgage\/","url":"https:\/\/mortgagestogo.ca\/blog\/when-is-the-best-time-to-get-a-variable-rate-mortgage\/","name":"When is the best time to get a variable-rate mortgage | MORTGAGESTOGO.CA - Mortgagestogo.ca Blog","isPartOf":{"@id":"https:\/\/mortgagestogo.ca\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/mortgagestogo.ca\/blog\/when-is-the-best-time-to-get-a-variable-rate-mortgage\/#primaryimage"},"image":{"@id":"https:\/\/mortgagestogo.ca\/blog\/when-is-the-best-time-to-get-a-variable-rate-mortgage\/#primaryimage"},"thumbnailUrl":"https:\/\/mortgagestogo.ca\/blog\/wp-content\/uploads\/2022\/11\/Untitled-design-32.png","datePublished":"2022-12-22T04:06:00+00:00","author":{"@id":"https:\/\/mortgagestogo.ca\/blog\/#\/schema\/person\/c10ea6685f40e319d2fe3f46e6aef41f"},"description":"Variable-rate mortgages offer some of the lowest interest rates available. But when is the best time to get one? Compare offers from multiple lenders and find out now.","breadcrumb":{"@id":"https:\/\/mortgagestogo.ca\/blog\/when-is-the-best-time-to-get-a-variable-rate-mortgage\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mortgagestogo.ca\/blog\/when-is-the-best-time-to-get-a-variable-rate-mortgage\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mortgagestogo.ca\/blog\/when-is-the-best-time-to-get-a-variable-rate-mortgage\/#primaryimage","url":"https:\/\/mortgagestogo.ca\/blog\/wp-content\/uploads\/2022\/11\/Untitled-design-32.png","contentUrl":"https:\/\/mortgagestogo.ca\/blog\/wp-content\/uploads\/2022\/11\/Untitled-design-32.png","width":1080,"height":1080,"caption":"variable mortgage rate"},{"@type":"BreadcrumbList","@id":"https:\/\/mortgagestogo.ca\/blog\/when-is-the-best-time-to-get-a-variable-rate-mortgage\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mortgagestogo.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"When is the best time to get a variable-rate mortgage | MORTGAGESTOGO.CA"}]},{"@type":"WebSite","@id":"https:\/\/mortgagestogo.ca\/blog\/#website","url":"https:\/\/mortgagestogo.ca\/blog\/","name":"Mortgagestogo.ca Blog","description":"When the Banks say NO TRUST Mortgagestogo.ca","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mortgagestogo.ca\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/mortgagestogo.ca\/blog\/#\/schema\/person\/c10ea6685f40e319d2fe3f46e6aef41f","name":"mortgages2go22@gmail.com","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/859c3a2b9af696582346d3cdf4d39e85b9670d7dd9242817d49171027e0a32a4?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/859c3a2b9af696582346d3cdf4d39e85b9670d7dd9242817d49171027e0a32a4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/859c3a2b9af696582346d3cdf4d39e85b9670d7dd9242817d49171027e0a32a4?s=96&d=mm&r=g","caption":"mortgages2go22@gmail.com"},"url":"https:\/\/mortgagestogo.ca\/blog\/author\/mortgages2go22gmail-com\/"}]}},"_links":{"self":[{"href":"https:\/\/mortgagestogo.ca\/blog\/wp-json\/wp\/v2\/posts\/474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mortgagestogo.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mortgagestogo.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mortgagestogo.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/mortgagestogo.ca\/blog\/wp-json\/wp\/v2\/comments?post=474"}],"version-history":[{"count":2,"href":"https:\/\/mortgagestogo.ca\/blog\/wp-json\/wp\/v2\/posts\/474\/revisions"}],"predecessor-version":[{"id":503,"href":"https:\/\/mortgagestogo.ca\/blog\/wp-json\/wp\/v2\/posts\/474\/revisions\/503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mortgagestogo.ca\/blog\/wp-json\/wp\/v2\/media\/475"}],"wp:attachment":[{"href":"https:\/\/mortgagestogo.ca\/blog\/wp-json\/wp\/v2\/media?parent=474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mortgagestogo.ca\/blog\/wp-json\/wp\/v2\/categories?post=474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mortgagestogo.ca\/blog\/wp-json\/wp\/v2\/tags?post=474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}