Quote:
Originally Posted by bcedhk
Realtors: VARiABle ALwAys Winz In tHe LoNG TeRM! BuY noW when PricEs DroP!
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Hey man, the first part of your statement may very well be true.
We are only 6 months into a "high" period, considering a normal 5 year variable term.
The second part is like asking an alcoholic when it's a good time to drink.
On the topic of trigger rates, I signed variable around 6 months ago, I think it was 2.3 at time, up to 5.2 today (I think today's rate hike has not been added yet)
Found my paperwork, trigger is 6.2
My buddy bought a place about 9 months ago, signed on for 1.5% variable, he has already hit his trigger and his payments were automatically increased without an email or phone call