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Posts: 155
Switched to a variable mortgage rate in Nov and there's been 2 interest rate hikes since. Awesome. -- nm
Posted by
Shaun (aka bigshaunu)
Apr 13 '22, 07:13
(No message)
Responses:
We are fixed but our payment keeps going up do to property tax increases. -- nm
-
Spawn
Apr 13, 07:57
We went variable in October. Still in the good portion of the spread between it and the fixed rate, but next increase starts the hurt.
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Name Withheld By Request
Apr 13, 07:26
3
I'm not worried or anything, but it's just annoying. -- nm
-
Shaun
Apr 13, 07:27
2
I get the sense that the banks have lost the rope on inflation more than they expected last year, so I'm a bit nervous about the potential to overpay. -- nm
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Name Withheld By Request
Apr 13, 07:37
1
It's certainly not an ideal situation, that's for sure. -- nm
-
Shaun
Apr 13, 07:38
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