HomeMortgageWith mortgage rates reaching new heights, how can you build wealth

With mortgage rates reaching new heights, how can you build wealth

While buying a home is seen as the greatest investment you can make, there are other ways to lock in long-term financial gains

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A five-year conventional mortgage has risen from 4.79 per cent interest at the start of the year to 6.04 per cent. Thirty-year fixed rate mortgages rose above six per cent, a rate not seen since 2008, and 43 per cent of adults are putting their home buying plans on hold.

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Relying on homeownership as a way to build your wealth might seem like an impossibility.

While owning a home has traditionally been perceived as a core element for building wealth, there are still ways you…

Read more at financialpost.com

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