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Close Topic OptionsVariable Rates Are So Over
Variable Rates Over - Politics, Business, Civil, History - Posted: 10th Nov, 2011 - 5:57pm
Posts: 2 - Views: 240
Post Date: 8th Nov, 2011 - 7:16pm / Post ID: #
Variable Rates Are So Over
Rob Carrick, the Personal Finance writer for the Globe and Mail says that with the variable rate mortgages being sold at prime which is 3% why would anyone want this product. There are 4 year fixed rate mortgages available on the market now at 3% or3.09% so why take the risk. Rates are not going to go down so for the first time in 10 years Carrick is saying go fixed rate. If you want to discuss variable vs fixed rate and how it would affect your monthly payments call me and we'll talk.
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Over So Rates Variable
Fixed rate has always been the way to go unless your loan is about a year or two and no one will take a mortgage that short unless they have a lot of surplus cash.
International Level: Junior Politician / Political Participation: 100 
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TOPIC: Variable Rates Are So Over