Back from space

It's been awhile since I posted -we have seen interest rates drops to all time lows and rebound by 30 percent in the space of 3 months.  Is now still the time to lock in ...my gut feeling is interest rates will trend back towards 5 percent over the next few years and prime will likely move from the current 3 percent  range to 5 percent in a few years .... So if you want to be conservative ..lock into a longer term rate of 4-10 years.  If you can afford to take risk -consider a variable rate but set your payments based upon a 4 percent rate and you will payoff more principal and get used to a slightly higher mortgage payment than necessary. As always if you have questions contact me at greygoose@rogers.comor bill@e-canadianmortgages.com

Off to get the house ready for fall.......