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In response to
"After seeing what's transpired in the last 3 years, why would you get a home variable rate? -- nm"
by
Will Hunting
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Because variables almost always work out better then fixed rates and the last three weeks the rates have dropped 75 points....
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thats saved me over $100 per month in mortgage payments (or will save me once I actually start paying).
I budgeted for the higher rates and can do the fixed but the fixed rates right now are almost 1.5% higher then the variables. If I can can budget for the ups and downs of interest rates, variable mortgages almost always cost less than fixed. Well at least they do in Canada.
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