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回复 17# Frank_zq
NO PANIC FOR THIS:
WE ARE IN 0.25% NOW, IF BANK OF CANADA ADDS 0.25% EVERY 6 WEEKS, THEN WILL BE 2.50% IN APRIL 2011 (NOT LIKELY THEY WILL ADD 0.25% EVERY TIME). SO THE PRIMARY RATE FOR THE BANK WILL BE 2.25%+2.25% = 4.5%. USUALLY, YOU CAN GET MORTGAGE RATE BELOW THIS BANK PRIMARY RATE. iT MEANS YOU MAY GET 5 YEARS VARIABLE RATE @4.0%. THE BORROW COST IS STILL VERY LOW IN APRIL 2011.
I WILL NOT WORRY ABOUT AFTER ONE YEAR, EVERYTHING IS POSSIBLE THAT TIME. SOMEONE (eg. BANK) IS MAKING PANIC JUST FOR THEIR OWN BENEFITS |
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