It may be a really good time to get locked into a good mortgage rate. I am hearing that interest rates in Canada may start to rise in order to slow down the market growth in Canada. Apparently the economy is a little too hot.

Also, mortgage and interest rates have been at such low rates for such a long time. I haven't seen anything like it. Of course I'm not wishing interest rates to rise, but I've never seen them this low for this long. I'm in a good state of disbelief.

So.. if your mortgage is coming up for renewal, I recommend taking the time to shop the banks and mortgage brokers and all other lenders to get the best rates and terms.