Just got to renew my mortgage! Wooooo. Lol, 5.25% for 5 years yeah! The only thing that ended up being great was we worked a line of credit in at 1% + prime.
Oh, I read the article, interest rates are falling and briefly became negative which spiked inflation. And now interest rates have to suddenly rise to tame inflation.
10 Comments
Noved@lemmy.ca · 5 pts · 3y
Just got to renew my mortgage! Wooooo. Lol, 5.25% for 5 years yeah! The only thing that ended up being great was we worked a line of credit in at 1% + prime.
Locke@lemmy.ca · 4 pts · 3y
Im at 5.90 now. Fortunately my mortgage has only a little over $100k left. So it sucks, but not painful. Feel bad for people who overextended.
Noved@lemmy.ca · 2 pts · 3y
We refinanced up to 174k but we are still on track to have our 30y amortization paid in 12 or less!
lightrush@lemmy.ca · 2 pts · 3y
🫣
m9p909@lemmy.ca · 2 pts · 3y
I don't understand what this means? ELI5 or is there somewhere I can read up on what real yields mean?
m9p909@lemmy.ca · 2 pts · 3y
Oh, I read the article, interest rates are falling and briefly became negative which spiked inflation. And now interest rates have to suddenly rise to tame inflation.
LlamaSutra@sh.itjust.works · 1 pts · 3y
Right as I need to replace my roof 😭
Gleddified@lemmy.ca · 1 pts · 3y
💎💎🙌🙌 🦍🦍 on that variable rate. The second I lock in we all know rates are going to crater...