Posts tagged variable rate
Is todays variable rate mortgage (3.3%) the best choice?
Mar 24th
QUESTION:
Hi Michael, I’ve just been checking with rates at different institutions. I have until May 1st to get the mortgages set up so I’m not really in a hurry. The best rates I’ve been able to find on a variable rate 5 yr is around prime + .80%. I did just receive a More >
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 >
