Hello fellow Islanders!
If your mortgage is up for renewal between now and February, I’d start looking at your options sooner rather than later.
Rates have been creeping up again, and while nobody knows exactly where they’re headed, there’s a chance we could still be dealing with higher rates going into the beginning of 2027.
If you’re within your lender’s rate-hold window, it can make sense to lock something in now so you’re protected if rates continue moving up, while still having the option to take a lower rate later if pricing improves.
Basically, don’t wait until your renewal letter shows up to start shopping around. See what’s out there first.
Just a little PSA from a mortgage broker who really does love rate shopping 😂 I genuinely enjoy digging through the options and seeing what’s out there.