Quote:
Originally Posted by bizaro86
I think if there is outrage directed at anyone it could reasonably directed at the BoC which promised to leave rates low for years.
It's not totally unreasonable for consumers to accept an interest rate forecast when that forecast comes from the people in charge of setting interest rates.
All that said, that letter from RBC is completely reasonable. If they switched the payments without notification people would be upset about that, and it definitely isn't their fault interest rates are going up (although they could give back the margin to prime they added on the way down...)
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Yeah, I dont really see what to complain about there. Interest rates increased, your mortgage rates increased accordingly. Furthermore water is wet and when night fall it gets dark.
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