{"id":13,"date":"2026-09-11T10:00:00","date_gmt":"2026-09-11T10:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/fcm4-com\/2026\/09\/11\/most-mortgage-renewers-report-higher-rates\/"},"modified":"2026-09-11T10:00:00","modified_gmt":"2026-09-11T10:00:00","slug":"most-mortgage-renewers-report-higher-rates","status":"publish","type":"post","link":"https:\/\/www.fcm4.com\/blog\/2026\/09\/11\/most-mortgage-renewers-report-higher-rates\/","title":{"rendered":"Most Mortgage Renewers Report Higher Rates"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\"\n                src=\"https:\/\/www.roomvu.com\/agent\/embed\/indran-kunam\/mortgage-renewal-rates-remotion-videos-764d\"\n                frameborder=\"0\"\n                allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\"\n                allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>As someone who\u2019s spent nearly a decade guiding clients through renewals and new mortgages, I know how critical each renewal decision feels\u2014especially in the current landscape. Since early Q1 2025, 82% of Canadians renewing their mortgages have faced higher rates, and only 13% managed to secure a lower borrowing cost. The impact on household budgets is unmistakable: 45% now allocate at least half of their monthly budget to mortgage payments, with 40% spending between 50% and 70%, and 5% dedicating over 70% of their income just to keep their homes. For those adjusting fixed rates, most chose 5-year terms (40%) and 3-year terms (35%), reflecting the need for both stability and adaptability. Younger homeowners, in particular, are feeling the pinch\u201490% of Canadians aged 18 to 34 renewed at a higher rate. These figures highlight the importance of clear guidance and strategic planning when approaching your next renewal. My focus remains on helping clients navigate these pressures with transparency and a plan tailored to their financial goals.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As someone who\u2019s spent nearly a decade guiding clients through renewals and new mortgages, I know how critical each renewal decision feels\u2014especially in the current landscape. Since early Q1 2025, 82% of Canadians renewing their mortgages have faced higher rates, and only 13% managed to secure a lower borrowing cost. The impact on household budgets [&hellip;]<\/p>\n","protected":false},"author":128,"featured_media":38,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.fcm4.com\/blog\/wp-json\/wp\/v2\/posts\/13","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fcm4.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fcm4.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fcm4.com\/blog\/wp-json\/wp\/v2\/users\/128"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fcm4.com\/blog\/wp-json\/wp\/v2\/comments?post=13"}],"version-history":[{"count":0,"href":"https:\/\/www.fcm4.com\/blog\/wp-json\/wp\/v2\/posts\/13\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fcm4.com\/blog\/wp-json\/wp\/v2\/media\/38"}],"wp:attachment":[{"href":"https:\/\/www.fcm4.com\/blog\/wp-json\/wp\/v2\/media?parent=13"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fcm4.com\/blog\/wp-json\/wp\/v2\/categories?post=13"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fcm4.com\/blog\/wp-json\/wp\/v2\/tags?post=13"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}