Quote:
Originally Posted by JDMDreams
^^ why didn't you lock in? Given how rates were you could have easily saved 1% if you locked. Unless you have cash flow to keep up with the hikes and lump sum or over pay why stay in variable. It looks like the rate drops will take longer to come unless something bad happens.
|
Cause at the time of our renewal a fixed mortgage was about 4.2% and obviously if I knew BOC was gonna go HAM shortly after I would have jumped at that. We're not screwed by any means it just sucks that our extra cash is getting sucked up by absolutely nothing.