# How do 2024-2026 rate forecasts impact product selection?

> How do 2024-2026 rate forecasts impact product selection?

Category: Product Mechanics
Last verified: 2026-04-14
Source: https://ratellow.com/faqs/product-mechanics/how-do-2024-2026-rate-forecasts-impact-product-selection

## Answer
How do 2024-2026 rate forecasts impact product selection?

With rates expected to stay flat, the 'Closed' rate offers immediate cash flow relief. However, for borrowers in 'Temporary' homes (relocations), the Open Variable remains the top pick.

**Data Summary:**

| Product Type     | Rate     |
|------------------|----------|
| 5-Year Fixed     | 4.29%    |
| Prime Rate       | 4.45%    |

**Strategy:** Use 'Open' for Bridge-to-Sale scenarios only.

## Related guide
- https://ratellow.com/guides/open-vs-closed-mortgages

## Sources
- BANKOFCANADA — https://www.bankofcanada.ca/2023/12/staff-analytical-note-2023-19/#Introduction