

The struggle is real: how homeowners are coping with soaring mortgage rates
Nov 8, 2023
Guest Victor Tran, an Ontario-based mortgage broker, discusses the challenges faced by homeowners with soaring mortgage rates. Topics include the impact on variable rate mortgage holders, financial strain, decision-making for a variable rate mortgage, financial challenges and anxiety, and the impact on young homebuyers. The podcast also explores renewing a mortgage and affordability challenges.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 2min
Rising Mortgage Rates and Financial Strain
01:37 • 3min
Buying a Property and Financial Circumstances
04:46 • 2min
The Decision for a Variable Rate Mortgage
06:39 • 4min
Financial Challenges and Anxiety
10:28 • 9min
Impact of rising mortgage rates on young homebuyers
19:23 • 11min
Renewing a Mortgage and Affordability Challenges
29:55 • 3min