Or more boom time? All I keep hearing about is rising rates, and while I understand that inflation is running rampant, and recently realized how easy it is to get 150k on a variable second mortgage...I'd like to think that some people are pooping their pants about any rise in interest rates as a 'fun' life costs money. Toys cost money. Renovations cost money. And I'm 100% sure that not everyone that's been living the high life can actually afford it without a nice line of credit footing the bill.
I just signed a variable, and my first payment is the day after the announcement lol. At least I'll enjoy 1 payment of $150 less than my normal payment.
I just signed a variable, and my first payment is the day after the announcement lol. At least I'll enjoy 1 payment of $150 less than my normal payment.