To check your situation regardless of whether interest rates are going up or down, you should talk to a mortgage broker sooner rather than later, If interest rates rise on pre-approved mortgages, you can lock in your rate for 90-120 days.

Generally you should finalize your mortgage before you:

• Incur more debt
• Buy or lease a car
• Change jobs
• Make any other major purchase

Your broker can advise whether to act now or later