Great stuff Don! Thanks for doing the math to keep Canadians informed and empower them to get success with their mortgage decisions during this time of rate increase expectation. You are a gentleman and a scholar!
Interesting info but as a Mortgage Broker I would like to know what your assumptions are regarding the increase in prime. This is not clearly spelled out here. Are you implying that prime will increase by 2.75% by the end of 2011 and then not increase after that? What assumptions did you build into your calculations for the variable rate mortgage over the entire 5 year term?
Thanks
View Comments to “Trying To Choose Fixed Or Variable? Here Is The Answer From Don’s Interview.”
Richard Canfield says:
May 18, 2010 at 4:09 pm
Great stuff Don! Thanks for doing the math to keep Canadians informed and empower them to get success with their mortgage decisions during this time of rate increase expectation. You are a gentleman and a scholar!
Kathy Russell says:
May 31, 2010 at 7:22 pm
Interesting info but as a Mortgage Broker I would like to know what your assumptions are regarding the increase in prime. This is not clearly spelled out here. Are you implying that prime will increase by 2.75% by the end of 2011 and then not increase after that? What assumptions did you build into your calculations for the variable rate mortgage over the entire 5 year term?
Thanks
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