So to confirm, the great market reader paid 2.43 1.5 years ago when they were offering between 1.7 and 2.3…
So to confirm, the great market reader paid 2.43 1.5 years ago when they were offering between 1.7 and 2.3…
and doesn't understand what an inverted yield curve is.This quote is hidden because you are ignoring this member. Show Quote
Could he have signed a 4 year deal say 6 months ago lolThis quote is hidden because you are ignoring this member. Show Quote
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
You clearly didn’t understand the research.This quote is hidden because you are ignoring this member. Show Quote
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.This quote is hidden because you are ignoring this member. Show Quote
Not sure about any of that. But the guy who pays attention to market conditions and uses available info to make as informed a decision as he can, paid the best available rate offered by the broker for a 5 year fixed at the time.This quote is hidden because you are ignoring this member. Show Quote
Oh please do tell. lol this should be good.This quote is hidden because you are ignoring this member. Show Quote
Done, thanks!This quote is hidden because you are ignoring this member. Show Quote
Guy who 'pays attention to available info' didn't note that there was cheaper rates offered by the Beyond broker to negotiate off of and made the 'informed' decision of overpaying for fixed at the time. Yes, you're ahead of me on rate since I'm on variable, but this whole 'i timed the market' is hilarious when I was getting offers for 1.9 at the same time to swap from variable to fixed (and regrettably didnt take it).This quote is hidden because you are ignoring this member. Show Quote
So, you planning on staying variable and seeing it through?This quote is hidden because you are ignoring this member. Show Quote
I'm still variable, with hopes that the economy will improve. Given the seemingly endless state of the war in Ukraine though and a looming recession (which usually lowers rates if anything), I'm just waiting to see what happens. I'm almost certain we'll continue to see some pain before it gets better though.
It's a longer-term play for us, considering we signed right before everything went to shit.
Sorry about your "luck".This quote is hidden because you are ignoring this member. Show Quote
Im a year out from renewal. Sticking with it. I think in the 5 year time frame since this mortgage im still ahead or even so not too salty. Not looking forward to my renewal!This quote is hidden because you are ignoring this member. Show Quote
Us too. We are variable and sure hindsight being 20/20 we would have been better to sign a fixed mortgage but I still think there is mostly upside to a variable mortgage over the full 5 year term. Thankfully we're in a position where the ~$1000 increase in monthly cost hasn't been too hard to absorb (despite it still sucking).This quote is hidden because you are ignoring this member. Show Quote
This quote is hidden because you are ignoring this member. Show QuoteOriginally Posted by SugarphreakThis quote is hidden because you are ignoring this member. Show QuoteThis quote is hidden because you are ignoring this member. Show Quote