See the graph above shows you that the gap between long and short term rates is widening. This means that there is much more opportunity for saving money when you go variable rate on your mortgage. Of course there is always the risk that short term rates will rise, but they would have to rise considerably higher than they are today for this to have an effect.
I'm not telling you what to do with your mortgage, just that there is opportunity for those that like to play the mortgage game and put tens of thousands in their pockets versus their lender over the term of the mortgage. :-))
For more information please contact A. Mark ArgentinoA. Mark Argentino, Broker, P.Eng.,Specializing in Residential & Investment Real EstateRE/MAX Realty Specialists Inc., Brokerage2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1BUS. 905-828-3434FAX. 905-828-2829E-MAIL: mark@mississauga4sale.comWebsite: Mississauga4Sale.com
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