heredago's blog

July 9, 2011

My mortgage prediction in ~2.5 yr

Filed under: Uncategorized — heredago @ 23:40
How will families / individuals be able to afford rates that will probably have doubled by then?

Have these people really made these calculations when buying their overpriced properties with very low variable mortgage rates since the early 2009?
At the current average home selling price in Canada, the difference between a 2.25% (current available variable rate) and a 4.50% rate is more than 500$ per month.




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