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  1. #1
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    Default ** Fixed Mortgage Rates on RISE

    *** More pressure today (April 5) for rates to climb... we have seen increases in fixed rates of 0.10% - 0.20%. There are still some lenders that have not moved, please reach out if you have any financing needs in the next 120 days.

    NOTE- the 5 Year Bond Yield is up today as well... which could indicate more increases next week.
    Last edited by TimLacroix; 04-05-2021 at 10:59 AM.
    Thanks,
    Tim Lacroix | 403-648-1541
    Mortgage. Made Easy Experts
    Kardia Mortgage Inc
    www.TimLacroix.com

    If you have any questions please feel free to PM me or email [email protected]

    Click here to View current Mortgage Rates

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    Quote Originally Posted by TimLacroix View Post
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    *** More pressure today for rates to climb... we have seen increases in fixed rates of 0.10% - 0.20%. There are still some lenders that have not moved, please reach out if you have any financing needs in the next 120 days.

    NOTE- the 5 Year Bond Yield is up today as well... which could indicate more increases next week.
    Being in a discounted prime variable, I really wonder when will be the time to convert to a long term fixed.....
    Originally posted by SJW
    Once again another useless post by JRSCOOLDUDE.
    Originally posted by snowcat
    Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.

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    Fml I’m going to get screwed for the third time in a row at this rate.

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    Quote Originally Posted by Twin_Cam_Turbo View Post
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    Fml I’m going to get screwed for the third time in a row at this rate.
    Let's start a club! Haha
    Cereal Killer.
    @iambrianspilner

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    Quote Originally Posted by B.Spilner View Post
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    Let's start a club! Haha
    100% of the time I see you post I think of Brent Spiner and want to watch me some TNG.
    Originally posted by SJW
    Once again another useless post by JRSCOOLDUDE.
    Originally posted by snowcat
    Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.

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    Quote Originally Posted by JRSC00LUDE View Post
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    Being in a discounted prime variable, I really wonder when will be the time to convert to a long term fixed.....
    I think about this a lot... feeling pretty damn good about it now, but what point do we pull the cord and get a fixed and be happy?

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    Quote Originally Posted by JRSC00LUDE View Post
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    Being in a discounted prime variable, I really wonder when will be the time to convert to a long term fixed.....
    It depends on a few things... usually when you get these announcements it is likely too late.

    NOTE: When you convert to a fixed rate with an existing lender, you are likely not getting best/ lowest rates with them.

    As well, there is a great strategy - which is adjusting your payments to as if you took fixed. If you are already at higher payments then you are likely saving more money than if you convert to a fix.

    I am happy to chat about this and understand your situation. ** Each situation is different! ~ Tim
    Thanks,
    Tim Lacroix | 403-648-1541
    Mortgage. Made Easy Experts
    Kardia Mortgage Inc
    www.TimLacroix.com

    If you have any questions please feel free to PM me or email [email protected]

    Click here to View current Mortgage Rates

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    Mine comes up in September. Am I pooched?

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    Quote Originally Posted by ThePenIsMightier View Post
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    Mine comes up in September. Am I pooched?
    It depends on your current mortgage details. If you wish for me to review and run numbers, you could email me at [email protected]
    Thanks,
    Tim Lacroix | 403-648-1541
    Mortgage. Made Easy Experts
    Kardia Mortgage Inc
    www.TimLacroix.com

    If you have any questions please feel free to PM me or email [email protected]

    Click here to View current Mortgage Rates

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    Quote Originally Posted by TimLacroix View Post
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    It depends on a few things... usually when you get these announcements it is likely too late.

    NOTE: When you convert to a fixed rate with an existing lender, you are likely not getting best/ lowest rates with them.

    As well, there is a great strategy - which is adjusting your payments to as if you took fixed. If you are already at higher payments then you are likely saving more money than if you convert to a fix.

    I am happy to chat about this and understand your situation. ** Each situation is different! ~ Tim
    The magic 8 ball needs to know when our disaster of an economy starts ratcheting prime up. Till then life is good.....
    Originally posted by SJW
    Once again another useless post by JRSCOOLDUDE.
    Originally posted by snowcat
    Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.

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    Quote Originally Posted by ThePenIsMightier View Post
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    Mine comes up in September. Am I pooched?
    I mean. Even with a few increases we would still be at historic lows...
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

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    If you are already at a discounted variable then there is no reason to lock in. The worst case scenario is a whole percentage over the next 2-3yrs in my opinion.

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    Variable rate. Ride or die.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

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    Quote Originally Posted by spike98 View Post
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    If you are already at a discounted variable then there is no reason to lock in. The worst case scenario is a whole percentage over the next 2-3yrs in my opinion.
    This is my opinion. I think anything more than 0.5% increase in the next few years is insanely unlikely.
    Silly people focus on the math.

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    I feel like if prime rate fluctuations are a problem for you, it might be time to reassess your leverage.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

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    Quote Originally Posted by killramos View Post
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    Variable rate. Ride or die.
    Normally I will say ride it out... make a payment adjustment to what the fixed rate payment would be... principal paydown and interest savings while you can. Should come out ahead.
    Thanks,
    Tim Lacroix | 403-648-1541
    Mortgage. Made Easy Experts
    Kardia Mortgage Inc
    www.TimLacroix.com

    If you have any questions please feel free to PM me or email [email protected]

    Click here to View current Mortgage Rates

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    Quote Originally Posted by killramos View Post
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    I feel like if prime rate fluctuations are a problem for you, it might be time to reassess your leverage.
    I just like to always have the best deal possible! ain't easy
    Originally posted by SJW
    Once again another useless post by JRSCOOLDUDE.
    Originally posted by snowcat
    Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.

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    Quote Originally Posted by TimLacroix View Post
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    Normally I will say ride it out... make a payment adjustment to what the fixed rate payment would be... principal paydown and interest savings while you can. Should come out ahead.
    This is the way
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

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    Quote Originally Posted by JRSC00LUDE View Post
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    Being in a discounted prime variable, I really wonder when will be the time to convert to a long term fixed.....
    98% of the time the answer is "never". The other 2% of the time, the answer is "too late".

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    My lender called me to offer me a 5 year fixed rate that is lower than my existing variable rate. Wanted to keep me from jumping ship I think for whatever reason.
    That was the only time I chose to go fixed.

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