Current best mortgate rates?

[Criticull]

Originally posted by Toma


No way in hell are rates gonna go up 1% in the next 1-2 years... not with the economy, lay offs, and no sign of recovery for the US.

From 0.25% they very easily could.

[Criticull]

.

[barmanjay]

I get emails from various mortgage brokers all the time and the latest one states a variable of 2.10%

[bigbadboss101]

When it comes to variable do you all prefer closed? Rate difference can be 0.8%. With closed you can only play up to 15% of your mortgage per year I think. So it's not too likely anyone would want to pay 60,000 or $5,000 a month for a $400,000 mortgage.

[Supa Dexta]

Say someone had 3k of available spending a month, and a 1k/mo mortgage, variable would seem a good route? (no other bills eating into that 3k) so lots of room for movement, but taking advantage of current low rates?

[Supa Dexta]

Originally posted by Toma

Yes, open variable.

I do not believe in closed mortgages, haven't for the last 10 years. I was suckered into a closed once, never again lol

But are you at all worried we haven't been in times like this the last 10 yrs? You've been riding a downward trend, nowadays you are basically starting at the bottom and riding the rate, likely right past what you can lock in for.

[Toma]

Originally posted by Supa Dexta


But are you at all worried we haven't been in times like this the last 10 yrs? You've been riding a downward trend, nowadays you are basically starting at the bottom and riding the rate, likely right past what you can lock in for.

Nope....

I am more worried that the discount will come back, and I will be locked out....

ie, just last year, you could not get better than prime PLUS .75 or some shit.... now it's down to prime.... and some brokers offering prime minus .1.

With the economy in the shitter, rates will not be going up significantly..... ie, they would have to move UP at least 1.5% or 2% so that a best variable open today will be in the same ballpark as the best 5 year closed.

And even if rates move UP to say 4% for a variable open, I bet the discounts will be back to the minus .75

And I said 10 years only because that is roughly how long I have been on the variable bandwagon. At no time in the past 25 years was a closed better.

Besides, with an open, you can remortgage anytime without the huge thousands of dollar penalties, say you meet the girl of your dreams and decide to buy something together and sell yours... then what? Throw away another $4k in penalties? Or you just want to upgrade? Downgrade etc?

[codetrap]

Prime -1% open variable. Our HELOC is at 2.25%

[scortracer]

I found 3.85 through major lender for a 5 yr fixed. Best rate I can currently find anywhere. Anyone else find anything better?

[Supa Dexta]

Heard rumors of 3.75/3.79 but haven't had anyone offer that to me yet..

[barmanjay]

last rate list i saw

3.79 on 5 year fixed
3.84 on 4 yr
3.25 on 3 yr
2.90 / 2 yr
2.35 / 1 yr
3.50 / 6 mo.

[scortracer]

where was the 3.79? I have an open right now and want to lock it in

[JordanAndrew]

I recently got mine for 3.5% fixed for 3 years with TD.

[barmanjay]

Originally posted by scortracer
where was the 3.79? I have an open right now and want to lock it in

I don't know if there is still a beyond sponsor so I will pm you the info from the emailthat was sent to me

[Ed the SOHC]

I just renewed my mortgage with TD yesterday and I got 3.99% 5yr closed. It's not the best out there but I didn't work 7 months of the year in 2009 and I didn't think I could qualify with another bank.

I usually go with variable and I'm still contemplating if I should have. Lol

[JordanAndrew]

Originally posted by Ed the SOHC
I just renewed my mortgage with TD yesterday and I got 3.99% 5yr closed. It's not the best out there but I didn't work 7 months of the year in 2009 and I didn't think I could qualify with another bank.

I usually go with variable and I'm still contemplating if I should have. Lol

I wanted to get the 3.99% 5 year as well but unfortunately I couldn't qualify as I was borrowing quite a bit vs how much I make.

It's a good move to lock in with the low rates especially if you keep the pattern of not having work. Unless of coarse you make shit loads of money in a few months, then it doesn't really matter.

[Lagerstatten.ca]

Originally posted by Supa Dexta
Heard rumors of 3.75/3.79 but haven't had anyone offer that to me yet..

Had 3.89% 5 year fixed, and my broker just called to say that it dropped to 3.79% now. The lender is TD Canada Trust.

PM me if you want my brokers contact info.

[sputnik]

Originally posted by Lagerstatten.ca


Had 3.89% 5 year fixed, and my broker just called to say that it dropped to 3.79% now. The lender is TD Canada Trust.

PM me if you want my brokers contact info.

Is he and independent broker or one of the TD Mobile Mortgage specialists?

[Supa Dexta]

..

[JordanAndrew]

You got PM'd