and you think you have seen everything? Good Grief! Market Woes. Well what if we consider that with gratitude we have arrived at this place and from here we can go forward with wisdom! What have we learned. Greediness is short term. Looking with broad vision helps plan for these times when we are uncertain.
From here, variable rates are looking very attractive! Prime is 5.25%. which is less than the best rate on mortgage funds. Would you not agree that at least for a short term period, it would be wise to mortgage funds with a variable rate and ride out the American election while in a variable rate mortgage? I think so! It may not be a long term but riding it out even for six months to a year is a consideration. This is not the strategy I would normally be considering but for the moment, if you are paying attention, this would be worth looking at. If interested in knowing more, contact me at kathleen@capitalmortgages.com
