As of July 11th, our prime rate at the banks is 6.25%. I need to find my new place before the end of September. I've got 5.09% locked in until then If not, the best I've been able to get recently is 5.64% on a 5 year term.
:shock: :shock: Ouch, and I though ours was bad rising from 4% in the past 18 months. Wont your original lender just re asses the mortgage without having to move ? I recently managed to secure 5.5% ( Fixed and Locked for two years ) on the threat that my previous deal was coming to an end I was looking for an improved offer and they virtually bent over double to accomodate me, considering my chequred financial passed I was more than surprised :lol: :lol: Ian :lol:
I think the minimum wage bites. I remember years ago when the raised the minimum wage and the same day we put out new menus in the pizza joint raising all the prices. Nobody wins raising the minimum wage. Politicians feel good about helping the poor but since the prices go up as fast the poor aren't helped. So the Politicians feel good for doing nothing... then again that's real usual. It's like the alternative fuel E85. 20% cheaper than regular gas, but you get 20% worst gas mileage. Oh and then did you notice the price of milk, beef, and lots of other things are increasing because the cost of corn is increasing? The only ones making out here are the corn farmers and then that's questionable because it's costing them more to harvest it.... But don't we all feel better because we're doing something... even if it's costing us more? Jamie
So you havean interest rate held for you...Lucky you..I know poeple who have under 4% from when the marke was good. I am screwed when i buy my place
Riddle me this....How come even though the CDN and US are almost on an equal playing field, I still pick up books, and the back reads. CDN$ 21.99 USD$ 11.99 Why are we paying the same old prices when clearly our exchange has changed?????
Funny you mention this 'cos I bought a book this weekend, a hard back priced on the inside cover at £17.99.............. but under neath the £17.99 it said CAN $45.99 Now £17.99 at the current exch rate of £1=$2.07(CDN) = $37.24 so why the extra ? Ian :lol:
And all the time the goverment is making more on the income tax off of the wage increase and sales tax off of the increased prices in the shops / restaurants.
Exactly that is becoming A huge issue over here for us. Our economy is strong and growing but yet we still have to pay the silly higher prices. Loads of goverments have looked into this, and people are catching on..
I HATE TAX just made my biggest wage packet this month and the deductions were astronomical :evil: not very happy considering what it goes on!!! Ian, whos your mortgage lender? i need to start looking for a place of my own before i get totally priced out the market!!!
Chelsea Building Society. Been with them nearly seven years now and they havent gone down the Halifax/Leeds/Bradford&Bingly sell off line yet so when they do there maybe a few free shares up for grabs. They also have an excellent cash back offer for first timers at the mo, 6% of the mortgage so if your looking to fund your deposit they could be handy ( although they tie you in for five years for this ) http://www.thechelsea.co.uk/index.html Ian :lol: :lol:
