Quote:
Originally Posted by roastpuff
Same. Just going to ride it out, the time to lock in has passed... sigh.
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That's what I thought when the rates were hiked 3%. Oh how wrong I was.
Quote:
Originally Posted by Traum
Holy shxt how can something like that even happen? And if it was the noob messing it up, I'd for sure keep taking it up to higher level manager until the matter gets resolved. 67% hike in payments is no joke.
As for me, I think this latest round of rate hike takes me up to 6.2% now. Gonna need to do some checking around to see what kind of rates I can get, and lock in for how long. I am also thinking of slashing down the rainy day fund and home repairs fund a bit to pay down the mortgage a touch.
Based on what BoC has said today, I don't anticipate rates will start dropping until late next year (Q3/Q4 2024). Need to think of something to keep things afloat.
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You are probably doing ok since you've paid down a significant amount already over the last 3 years? The best term to take right now is probably 3 years. 2 years rate would be extremely high, but with 3 you'll be left in limbo in the last year as you gamble on how quickly they drop rates. You can see that past 3 the rates dropoff, but not enough to take the risk of going to 4 or even 5 years.
Quote:
Originally Posted by Badhobz
You'd figure in this market that sellers would be more receptive and you'd get a better deal. Me and the wife offered on this property
https://www.rew.ca/properties/506598...rt-richmond-bc
and gave them a very generous 2.9 CASH. Their shitty assessment is only 2.68 but nope they still dont want to play ball. They've been listed for almost 2 months and had zero offers so far.
Well whatever, we bought something else now and im just savoring the prospect of this idiot crawling back so i can tell them to fuck off.
Yes hobz's mcmansion has an accepted offer. YAY! |
You under bid by 300k no shit
What's the one that you got accepted on?