05.03.2013 - Don’t rush into housing market just for a low mortgage rate
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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