okay here's my two cents worth folks im up for renewal and have just nagotiated a rate 5 yr variable1.75 persent or if i want a five yr fixed at 4.49 still quite a gap between fixed and variable here i believe i have a little lee way here apparently i was only interesed in variable and five yr fixed but i made it absulutly apparent
to them that when lock in
from a variable i get the whosale discounted rate at that
time and written into the contract i kinda believe this the way the market is heading as we head out of ressesion and the bank of
canada is going
to make there move i believe coming up in june and just
to make this firm i
do not believe the boc will raise rates in fast mode far
from it will be slow process i don't care what the ecconmists are thinking we have
to remember manufactering sector is reallt taking a hit on the high dollar and don't forget our niegbours
to the south how dependent our
canada is with them i believe it will be a slow process a lot of people heve put themselves in a debt load over these enormously low interest rates but i may be wrong i think a variable is the way
to go if you want
to work on that princibal at least should i say the say the short
to medium term and betting that the bond markets stay put for the short
to medium term - i have given enough interest
to the banks maybe i can pay a little less at least fot the short
to mediun term here i have not completly decided yet put i think im going variable although i wish my mtge was up a year ago that would have been just great congradulations
to all that
did.