Daily Archives: September 12, 2022

Interest Trigger Rate The term "interest rate trigger" can refer to different things depending on the context. In finance and investments, an interest rate trigger is a predetermined level at which an interest rate change will trigger a specific action or event. For example, in the case of an adjustable-rate mortgage, an interest rate trigger may be a specific interest rate level that, when reached, will cause the mortgage interest rate to adjust up or…

Bank of Canada Interest Rates Hike Bank of Canada hiked interest rates on Sep 7 by another .75%. What it means to most of us is, whenever you buy anything on credit, home or any product, you will pay more. It will most likely take longer to pay your mortgage, loan, line of credit or another type of loan. In the longer run, its less savings. With the present interest rates sitting at 3.25% and…