Quote Originally Posted by Default User View Post
I wish I stuck with a variable rate when I got the new house.
It could have went either way. You could re-finance if you can stomach the mortgage cancellation fee.

Quote Originally Posted by Aitch View Post
Exactly. There's a bit of a frenzy in Toronto and Vancouver as buyers assume rates will stay low forever. Which is funny given how Calgary's market has completely reversed into downturn mode in less than 2 months.
With the current price of crude....not really a surprise

Quote Originally Posted by Flagrum_3 View Post
That's pretty awesome! Mrs. Loki is a smart person ; )...I'm desperately trying to get my mortgage paid off within 6 years, hopefully.
Keep it up tho, cuz if you look at the trends for the last 30+ years, we are well overdo for a rate adjustment. Most likely well upward. If it happens, it could see rates atleast double, sending alot people into a frenzy...I've seen it happen before 'twice' so it's not fiction!
_3
I vaguely recall the mortgage rates as being 20% back in the early 80s....lean times indeed.