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Real Estate Briefing - Categorized | Market Moves, Mortgage more

Don’t rush into housing market just for a low mortgage rate

Posted on 05 March 2013

The sucker’s bet on housing is to pounce on that five-year, 2.99-per-cent mortgage deal offered so controversially by Bank of Montreal. Oh, it’s a great rate. There’s next to no chance over the next five years that you’ll kick yourself for having chosen to lock in such a historically low cost of borrowing.
But the low-rate argument for getting into the housing market for the first time just isn’t compelling enough to jump in right now………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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