Comments on: Book Winner, Twitter, Rate Drop and Weekend Reading

By: Mark

Mark — Sun, 08 Mar 2009 14:00:54 +0000

Hey FT,

So did we (locked in mortgage over 5 years, over 5%)….I wish we hadn’t….

After reading many an article on mortgages and mortgage rates over the last few years, I will, next time, choose a variable mortgage, with the option to “lock-in” at any point.

I’ve read historically, this gives you the best option.

Mark in Nepean

By: Aman@BullsBattleBears

Aman@BullsBattleBears — Sat, 07 Mar 2009 16:25:18 +0000

some informative links! thanks!

By: WhereDoesAllMyMoneyGo.com

WhereDoesAllMyMoneyGo.com — Sat, 07 Mar 2009 13:44:42 +0000

Thanks for the link FT! Have a great weekend.

By: Thicken My Wallet

Thicken My Wallet — Fri, 06 Mar 2009 20:01:12 +0000

Thanks for the link. I joined Twitter for a similar reason. To write a post about it as a business investment.

By: Canadian Dream

Canadian Dream — Fri, 06 Mar 2009 18:56:31 +0000

Hey thanks for the link.

Ugh, I wish I could have renewed my mortgage last year and have a rate like that. WOW! Oh, well I guess I’ll have to wait until this summer to do it.

Tim

By: Bryce

Bryce — Fri, 06 Mar 2009 17:54:02 +0000

I’m also in a prime minus 0.9 mortgage. If they lower the rate much more I’m expecting cheques from the bank.

By: Ms Save Money

Ms Save Money — Fri, 06 Mar 2009 17:37:38 +0000

How nice, thank you for the recommendations on the reading, it is very helpful. :) I actually go to Generation X Finance and Frugal Dad pretty often to read their articles and really like how they write.

By: Canadian Capitalist

Canadian Capitalist — Fri, 06 Mar 2009 16:26:23 +0000

Thanks for the link! Have a great weekend!

By: FrugalTrader

FrugalTrader — Fri, 06 Mar 2009 16:04:23 +0000

VR, the rate we got was locked in late 2007, thus the discount from prime. Rates have changed significantly since then with the credit squeeze. I don’t think that there are any variable mortgages that are discounted from prime these days.

By: VR

VR — Fri, 06 Mar 2009 15:33:51 +0000

Wow FT, that’s a crazy mortgage rate you have. I just looked at PC Financial today and the 5 year variable is still at 3.3%. 5 year fixed is at 4.3%. How do you have such a great rate, and where can I get it? :)

By: Four Pillars

Four Pillars — Fri, 06 Mar 2009 13:44:49 +0000

Thanks for the link.

I can’t believe how low the rates are. I locked in for 5 years a couple of years ago (@ 5.19%) because at the time we just couldn’t afford the risk of rates going up.

I wish I hadn’t! :)

By: IS

IS — Fri, 06 Mar 2009 12:53:38 +0000

Thanks very much for the link!! Very appreciated!!