In case you missed yesterday's mortgage rate hike announcement (by three of Canada's banks), check out the Globe at:
www.theglobeandmail.com/report-on-business/mortgage-rate-boost-signals-rock-bottom-era-is-over/article1516497/
Also, there's an interesting forum with many thoughtful points on the fixed vs. variable debate at:
www.theglobeandmail.com/globe-investor/forums/globe-investor-1_personal-finance_this-good-time-lock-refinance-mortgage/?plckFindPostKey=Cat:e528746c-3414-401a-b14b-50247e3bdf01Forum:726cb897-65e7-4529-a1da-c5192c9aa85aDiscussion:cc7f909c-5c02-4956-b7c8-b98ab2b316dfPost:24b2cdda-159a-44e7-b70b-39586574d225
This is still old news... see below
ReplyDeleteOctober 26, 2007
Globe Says Lock In
Rob Carrick from the Globe & Mail is ringing the alarm. With mortgage rates at 6-year highs and shrinking variable-rate discounts, he says it's time to lock in now.
In a nutshell this advice would cost thousands of dollars to a home owner!