3.69% 5 yr fixed mortgage?

[RCrein]

QUOTE (ThomasBeyer @ Apr 2 2010, 02:44 AM) about 1% over 5 year GofC bond rate .. which is 2.8 to 3.0% .. so 3.8% to 4.0% right now .. assuming with CMHC .. and 1% higher w/o !

Thank you Thomas!

 

[luckyluciano]

Current 5 year closed is around 4.2%. Anyone see better?


QUOTE (RCrein @ Apr 2 2010, 08:51 PM) Thank you Thomas!

 

[larysa002]

4.18% now from Mortgage Alliance Network.
They had 3.64% just a few weeks ago.

QUOTE (luckyluciano @ Apr 7 2010, 05:37 AM) Current 5 year closed is around 4.2%. Anyone see better?

 

[luckyluciano]

Royal Bank raises interest rates for 2nd time in 2 weeks. 5 year fixed is now 4.7%
Dream Ride coming to an end says Financial Post!


QUOTE (larysa002 @ Apr 7 2010, 10:13 AM) 4.18% now from Mortgage Alliance Network. They had 3.64% just a few weeks ago.

 

[housingrental]

Or just starting for those with cash positions?
Too much negativity... there`s opportunity in any situation...
QUOTE (luckyluciano @ Apr 13 2010, 05:18 PM) Royal Bank raises interest rates for 2nd time in 2 weeks. 5 year fixed is now 4.7%
Dream Ride coming to an end says Financial Post!

 

[Thomas Beyer]

QUOTE (luckyluciano @ Apr 13 2010, 02:18 PM) Royal Bank raises interest rates for 2nd time in 2 weeks. 5 year fixed is now 4.7%
Dream Ride coming to an end says Financial Post!
landlords rejoice !

 

[luckyluciano]

I understand the sentiment amongst landlords that there will be more tenants if they cannot afford to buy but is it not a concern that there will also be more real estate hitting the rental markets as sellers are not happy with selling prices or even in a position where they cannot sell so they therefore turn around and become competing landlords instead. At least this was my experience in the past as a realtor/landlord. More tenants but also a lot of empty rentals also. The overbuilt situation becomes apparent when the music stops..
QUOTE (ThomasBeyer @ Apr 14 2010, 11:09 AM) landlords rejoice !