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Learn what increasing interest rates mean for you and your mortgage

In this episode of Business Matters, presented by Valley First, a division of First West Credit Union, host Rob Cupello is joined by Helen Goodwin, branch owner of the Valley First Penticton location to discuss mortgage rates and how homeowners and potential homebuyers can make the best financial decisions.

Goodwin has been with Valley First for over 21 years, so she knows the ins and outs of the industry better than anyone.

The Bank of Canada has raised benchmark interest rates multiple times over the last few months, including last week. When this happens Goodwin urges anyone with questions about their mortgage rate or payments to talk to their financial advisor.

Watch the full episode for an in-depth discussion of fixed and variable rate mortgages, prime benchmark interest rates and lines of credit.



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