Ahhh, mortgage rates. A topic that's likely to induce an Excedrin sized migraine .

The experienced real estate investor or home flipper probably has a good handle on when the next Bank of Canada prime rate announcement is and what it means to the market. However, for the average home buyer, thinking about choosing a variable or fixed mortgage is about as fun as quantum physics.

In addition to a great realtor, a savvy mortgage broker is going to be key member of your home buying team. Look for someone who can simply explain your options and understands the current market.

Here's a good article from the National Post that does a decent job of explaining why variable and fixed rates fluctuate differently and why now may a good time to get a preapproval or refinance your current deal.