{"id":7200,"date":"2022-07-14T17:41:47","date_gmt":"2022-07-14T17:41:47","guid":{"rendered":"https:\/\/groupeorbis.com\/?p=7200"},"modified":"2024-03-01T12:13:18","modified_gmt":"2024-03-01T12:13:18","slug":"your-top-five-rate-hike-questions-answered","status":"publish","type":"post","link":"https:\/\/groupeorbis.com\/en\/your-top-five-rate-hike-questions-answered\/","title":{"rendered":"Your top five rate-hike questions, answered."},"content":{"rendered":"<div class=\"row\"  id=\"row-1072875708\">\n\n\t<div id=\"col-1256192969\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-1256192969 > .col-inner {\n  margin: -290px 0px 0px 0px;\n}\n<\/style>\n\t<\/div>\n\n\t\n\n<style>\n#row-1072875708 > .col > .col-inner {\n  padding: 30px 30px 30px 30px;\n}\n<\/style>\n<\/div>\n<div class=\"row\"  id=\"row-2025995897\">\n\n\t<div id=\"col-696392870\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<img loading=\"lazy\" decoding=\"async\" width=\"2560\" height=\"1446\" src=\"https:\/\/groupeorbis.com\/wp-content\/uploads\/2023\/01\/blog-8.jpeg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" srcset=\"https:\/\/groupeorbis.com\/wp-content\/uploads\/2023\/01\/blog-8.jpeg 2560w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2023\/01\/blog-8-300x169.jpeg 300w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2023\/01\/blog-8-1024x578.jpeg 1024w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2023\/01\/blog-8-768x434.jpeg 768w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2023\/01\/blog-8-1536x868.jpeg 1536w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2023\/01\/blog-8-2048x1157.jpeg 2048w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\" \/>\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-696392870 > .col-inner {\n  margin: -120px 0px 0px 0px;\n}\n<\/style>\n\t<\/div>\n\n\t\n<\/div>\n<div class=\"row\"  id=\"row-1622135895\">\n\n\t<div id=\"col-1101117638\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-1890957695\" class=\"text blog-txt\">\n\t\t\n<h3><span style=\"font-size: 75%;\">1. Is this rate hike going to change my payments?<\/span><\/h3>\n<p>That depends on your mortgage. Existing fixed rate mortgages will not be impacted. Some variable mortgages have set payments, and some do not, meaning some may increase &#8211; though not all do &#8211; depending on the details of your contract.<\/p>\n<h3><span style=\"font-size: 75%;\">2. Should I consider refinancing?<\/span><\/h3>\n<p>This depends on many factors, from the penalty for breaking your current mortgage, and the rate you&#8217;re currently paying, to your plans to move in the next five years.<\/p>\n<h3><span style=\"font-size: 75%;\">3. Are rates expected to continue rising?<\/span><\/h3>\n<p>Yes, the BOC is expected to raise hikes again in the coming months to combat inflation.<\/p>\n<h3><span style=\"font-size: 75%;\">4. Should I put my home-buying plans on hold for now?<\/span><\/h3>\n<p>There are many reasons to maintain any current plans you have for home-ownership. Interest rates are just one piece of the puzzle. Having a detailed discussion about your financial situation with one of our brokers is a great way to determine next steps.<\/p>\n<h3><span style=\"font-size: 75%;\">5. I&#8217;m nervous about future rate hikes, what should I do?<\/span><\/h3>\n<p>Contact one of our mortgage brokers to discuss your individual needs. No one is in a better position to guide you on rates and financing decisions.<\/p>\n\t\t\n<style>\n#text-1890957695 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n<a href=\"https:\/\/groupeorbis.com\/en\/contact-us\" class=\"button primary is-large blog-button\" style=\"border-radius:99px;\">\n\t\t<span>Call us today to get started.<\/span>\n\t<\/a>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"is-divider divider clearfix\" style=\"margin-top:0em;margin-bottom:0em;max-width:100%;height:1px;background-color:rgb(213, 213, 219);\"><\/div>\n<div class=\"row\"  id=\"row-483157133\">\n\n\t<div id=\"col-229293089\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-2096154045\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-2096154045 {\n  padding-top: 40px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3208721953\" class=\"text\">\n\t\t\n<h3>Related 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href=\"https:\/\/groupeorbis.com\/en\/first-time-buyers-how-mortgage-brokers-can-help\/\" class=\"plain\" aria-label=\"First time buyers \u2013 how mortgage brokers can help\">\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-11-300x169.jpeg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"\" srcset=\"https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-11-300x169.jpeg 300w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-11-1024x578.jpeg 1024w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-11-768x434.jpeg 768w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-11-1536x868.jpeg 1536w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-11-2048x1157.jpeg 2048w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t<\/a>\n  \t\t\t\t\t\t\t  \t\t\t\t\t\t\t  \t\t\t\t\t\t<\/div>\n  \t\t\t\t\t\t  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\t\t\t\t\t<\/div>\n          \t\t\t\t\t<div class=\"box-text text-center\" >\n\t\t\t\t\t<div class=\"box-text-inner blog-post-inner\">\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<h5 class=\"post-title is-large \">\n\t\t\t\t\t\t<a href=\"https:\/\/groupeorbis.com\/en\/obtaining-a-mortgage-for-a-second-property\/\" class=\"plain\">Obtaining a mortgage for a second property<\/a>\n\t\t\t\t\t<\/h5>\n\t\t\t\t\t<div class=\"post-meta is-small op-8\">October 9, 2020<\/div>\t\t\t\t\t<div class=\"is-divider\"><\/div>\n\t\t\t\t\t                    \n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><div class=\"col post-item\" >\n\t\t\t<div class=\"col-inner\">\n\t\t\t\t<div class=\"box box-normal box-text-bottom box-blog-post has-hover\">\n            \t\t\t\t\t<div class=\"box-image\" >\n  \t\t\t\t\t\t<div class=\"image-cover\" style=\"padding-top:56.25%;\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/groupeorbis.com\/en\/mortgage-solutions-for-the-self-employed\/\" class=\"plain\" aria-label=\"Mortgage solutions for the self-employed\">\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-25-300x169.jpeg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"\" srcset=\"https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-25-300x169.jpeg 300w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-25-1024x578.jpeg 1024w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-25-768x434.jpeg 768w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-25-1536x868.jpeg 1536w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-25-2048x1157.jpeg 2048w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t<\/a>\n  \t\t\t\t\t\t\t  \t\t\t\t\t\t\t  \t\t\t\t\t\t<\/div>\n  \t\t\t\t\t\t  \t\t\t\t\t<\/div>\n          \t\t\t\t\t<div class=\"box-text text-center\" >\n\t\t\t\t\t<div class=\"box-text-inner blog-post-inner\">\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<h5 class=\"post-title is-large \">\n\t\t\t\t\t\t<a href=\"https:\/\/groupeorbis.com\/en\/mortgage-solutions-for-the-self-employed\/\" class=\"plain\">Mortgage solutions for the self-employed<\/a>\n\t\t\t\t\t<\/h5>\n\t\t\t\t\t<div class=\"post-meta is-small op-8\">June 30, 2020<\/div>\t\t\t\t\t<div class=\"is-divider\"><\/div>\n\t\t\t\t\t                    \n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":14317,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/posts\/7200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/comments?post=7200"}],"version-history":[{"count":5,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/posts\/7200\/revisions"}],"predecessor-version":[{"id":16649,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/posts\/7200\/revisions\/16649"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/media\/14317"}],"wp:attachment":[{"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/media?parent=7200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/categories?post=7200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/tags?post=7200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}