TRENT'S PLACE: If you are looking for a home, time is running out. We are recovering from the worst recession since the 30's and the government will be raises their rates within the next two month .. Trust me!! Thats why the banks are raising rates so fast. They know its come.
Just some Trent's Place Advise . If you are looking for a home, i actually think it's better to let the rates go up a little and then buy. You mite think that sounds crazy, but that is because you have been conditioned by our government and banks to think that way. The want to control you. They lower the rates so that you buy and they make money, taxes and it helps the country get out of a recession. BUT if everybody is buying at the same time, you're over paying for your home. One of the reasons why they have to raises the rates is because there is a housing bubble in Canada, and when the bubble bursts the economy will crash. Do you know what caused the entire world to go into a recession???? The American housings bubble !!!
A low rate or high rate?? What is best for you??
April 14 (Bloomberg) -- CIBC said it’s raising its five- year closed mortgage rates by 0.25 percent to 6.10 percent, effective April 14.
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