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Old 05-07-2009, 05:34 PM   #18
Tower
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Join Date: Jul 2002
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Quote:
Originally Posted by photon View Post
The brokers I've spoken with are saying to start thinking about locking in variables if you have them or taking fixed if you are getting new mortgages. They said the next while will stay low, but after that...

Normally I like variable, but this might be one time I'll go with fixed for a while.
Mark Herman say's the market will stay the same for about 12 months or so. Then the trading will start from Canada to other nations and the economy will recover here first. Thus increase the interest rate.

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• Bachelor of Commerce - University of Calgary
• Master of Business Administration, Focus: Finance - Herriot-Watt Business College, University of Edinburgh.
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