Quote:
Originally Posted by Engine09
I'm a little over a month away from my mortgage renewal date and the best option I've found so far is to sign for a 5 year variable at 5.0% (Prime -0.95%). Figure I'll ride the lightning this time and hope for a cut in Dec and hopefully again in early 2025.
I've only had one broker come back to me to let me know their rate has increased a bit after the election results.
Anyone else been looking as well?
|
Variable at 5% is a great deal right now IMO. You should almost certainly be below current fixed rates within 3ish BoC interest rate evaluations.
Prime -.95% is a solid deal. Much better than any posted rates from the banks.