The painful end of free money as real interest rates start to rise
The painful end of free money as real interest rates start to rise
www.cbc.ca /news/business/real-rates-over-column-don-pittis-1.6869814
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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.
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.
We refinanced up to 174k but we are still on track to have our 30y amortization paid in 12 or less!
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