Interest Rate and Renewal Risk for Mortgages Staff analytical note 2018-18 Olga Bilyk, Cameron MacDonald, Brian Peterson In this note, we explore two types of risk faced by holders of mortgages and home equity lines of credit (HELOCs) in the context of rising interest rates: interest rate risk and renewal risk. Content Type(s): Staff research, Staff analytical notes JEL Code(s): D, D1, E, E4, E5, G, G2, G21, G28 Research Theme(s): Financial system, Financial stability and systemic risk, Household and business credit