Comments on: Interest rates to sky rocket? http://blog.trentonadams.ca/2009/05/31/interest-rates-to-sky-rocket/ Mon, 29 Nov 2010 03:35:50 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Trenton http://blog.trentonadams.ca/2009/05/31/interest-rates-to-sky-rocket/comment-page-1/#comment-4554 Trenton Fri, 20 Nov 2009 06:14:32 +0000 http://blog.trentonadams.ca/?p=283#comment-4554 So, Lindsey Williams was out to lunch. So, Lindsey Williams was out to lunch.

]]> By: Trenton http://blog.trentonadams.ca/2009/05/31/interest-rates-to-sky-rocket/comment-page-1/#comment-4553 Trenton Fri, 12 Jun 2009 04:20:43 +0000 http://blog.trentonadams.ca/?p=283#comment-4553 It's kind of <b>interest</b>ing (pun intended), the rates started going up just days after I posted this, even though the Canada prime rate has remained the same. I really believe what is happening is that they are going to raise the fixed rate mortgage rates, to get people to go into the low variable rates. This will happen because the fixed rates will not be desirable, being so high. Then, when they get enough people in those, they will push the prime rates up to 10+%. That will cause many people to lose their homes. It really is starting to look like it's totally being controlled. Let's watch and see. Check this out <blockquote>http://www.bankrate.com/finance/mortgages/mortgage-analysis.aspx Mortgage rates have soared to their highest this year. Refinancers have slammed on the brakes because of the abrupt rise, and borrowers soon might shift into adjustable-rate mortgages.</blockquote> It’s kind of interesting (pun intended), the rates started going up just days after I posted this, even though the Canada prime rate has remained the same.

I really believe what is happening is that they are going to raise the fixed rate mortgage rates, to get people to go into the low variable rates. This will happen because the fixed rates will not be desirable, being so high. Then, when they get enough people in those, they will push the prime rates up to 10+%. That will cause many people to lose their homes. It really is starting to look like it’s totally being controlled. Let’s watch and see.

Check this out

http://www.bankrate.com/finance/mortgages/mortgage-analysis.aspx
Mortgage rates have soared to their highest this year. Refinancers have slammed on the brakes because of the abrupt rise, and borrowers soon might shift into adjustable-rate mortgages.

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