Archive for October, 2008
Hi Michael, Should I lock in if I have a variable rate mortgage?
Oct 29th
NO…. But please read why, it is your decision at the end of the day. Well with that question, I am assuming you are in a variable rate mortgage. If thats the case, most Canadians are anywhere from .75% to .25% below prime. With bank prime being at 4.00% that gives you More >
Feeling pushed into a fixed rate ?
Oct 21st
Canadian banks are trying to convince consumers to lock in their mortgage rates because more than 20 per cent of the home loans they have negotiated have become unprofitable, according to industry sources. The push has come after the banks cut the discount they offered to consumers with variable rate products More >
