mortgage rates

F

fuji

Banned
Jan 31, 2005
79,936
9
0
¯\_(ツ)_/¯
is.gd
My mortgage term is coming due. Currently I'm paying prime minus 3/4 variable which I negotiated 5yrs ago. Can I still get that? Can I do better? I've heard of people getting 4.95% fixed for 5 years recently which sounds OK.

The posted rates are BS. The only way to go is to walk in knowing what other people are getting.. so what are other people getting?
 
I think rates are going to start edging down in the next few months. Jeff Reubens at the CIBC has been pretty well bang on over the last few years vis-a-vis interest rate prognostigation. With oil prices coming off, giving some relief to inflationary pressure on an already low inflation rate plus Ontario mfg'ering still in the tank, I wouldnt be surprised if bank prime gets chopped by at least a 1/2 point or more.
 
prime should drop about half a point by summer......your current vrb is a good deal you may be able to find it -80.

5 year is hovering around 4.9-4.95
 
In the Us you can do a 30 year fixed and refinance as you see it will benefit you.
 
I just signed on for 4.70 5yr fixed. I was also offered a variable of Prime - 0.9%.
 
4.7-4.9 for 5 yrs?? Where people?
I'm still at 5.2 variable but am thinking of fixing.
 
Not much help in posting your rates if you don't say where you got them.
 
Try some banks like TD & other DFI's they will give u much better 5-year fixed even at 4.50% just do little leg work, or even contact some mortgage brokers, they will find the rate of your choice to lock-in for 5-years.
Housing market is slipping too this year, so definitely the intrest rates would also slip down, keep your eyes and ears open when u are in a hunting mood:)
 
MichaelZzzz said:
variable is 2.49
Click to expand...

Highly misleading. Their actual rate is prime minus 0.90 which is still a good rate. The 2.49 is one of those "first six months at 2.49 after that we soak you" scenarios.
 
When I took economics, we learned that interest rates were inherently unpredictable. That does not stop media pundits from claiming to know what they are going to do, but they seem to be wrong half the time. Perhaps some actual economists could explain.
 
Mr. Downtown said:
I think rates are going to start edging down in the next few months.
HTML:
Jeff Reubens at the CIBC
HTML:
has been pretty well bang on over the last few years vis-a-vis interest rate prognostigation. With oil prices coming off, giving some relief to inflationary pressure on an already low inflation rate plus Ontario mfg'ering still in the tank, I wouldnt be surprised if bank prime gets chopped by at least a 1/2 point or more.
Click to expand...

It's actually Jeff Rubin :D
 
you're actually looking now at
variable P-90 to -95
5 year at 4.95% fixed

if you can get any lower, then you're getting a great deal.

i do this for a living. if you want more info pm me, but i thought i would give you an idea of what's out there. hope this helps.
 
You must log in or register to reply here.
Toronto Escorts
Top Bottom
Back