Quote:
Originally Posted by Weitz
Did I say anything about a variable?
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Same boat with shorter term mortgages. "Discounts" don't really start until the 4 or 5 year range. So if you're getting 1% higher for 2 years, that means to even out you need 2% or more lower for the following 2 years.
You'd be needed a mortgage rate of about 3.5% for years 3 and 4. I'm up for renewal in 3.5 years, so I hope you're right but who really knows.