[闲聊] 最近拿到的五年利率？

[bello]

最初由 xyz139 发布
Scotia Bank offers 4.50% for 5-year fixed, but the rate can only hold for 120 days.

you did call Scotia Bank rite? you see they do give u better rate than BMO, My name = 4.5% and lower hahaha...
but 120 days is enough long, too bad ur closing date is more than 120days...other wise you will save more money and buy something useful.

 

[笑傲江湖]

Thanks for your information, and I really appreciate that. However, but for our closing date, he can only offer us at 4.85% (I have my pre-approval with BOM at 4.54% good for 12 months). He said he will contact my wife later on if he has a better rate.

 

[bello]

you very welcome, wish you can save more money, house is the most expensive shopping in ur life.

 

[笑傲江湖]

True!

 

[happy]

看这么多，为什么大家都用fix?的呢？我看了bank of canada 10年的数据， 十年的均值在5.87. 看了5年的数据从1997年9月到2002年8月，均值是6。12左右。5年期间的利率是从低到经济最火的时候。如果用浮动，那么平均是6。12-0。8=5。32。但是加元那么高，即使美国的调息， 嘿嘿，央行敢跟吗？而且那时的最低都比现在高0。5%。

 

[support]

最初由 xyz139 发布
Thanks for your information, and I really appreciate that. However, but for our closing date, he can only offer us at 4.85% (I have my pre-approval with BOM at 4.54% good for 12 months). He said he will contact my wife later on if he has a better rate.

"I have my pre-approval with BOM at 4.54% good for 12 months"

请问什么样的term. I mean, open? close? etc. Could you please give me more details ? I am looking for a pre-approval now.

 

[bello]

最初由 support 发布


"I have my pre-approval with BOM at 4.54% good for 12 months"

请问什么样的term. I mean, open? close? etc. Could you please give me more details ? I am looking for a pre-approval now.

if your closing day is in 120days, Scotia bank can give you 4.5% or better 5 years Fix rate

 

[笑傲江湖]

Fixed 5-year term.

最初由 support 发布
"I have my pre-approval with BOM at 4.54% good for 12 months"

请问什么样的term. I mean, open? close? etc. Could you please give me more details ? I am looking for a pre-approval now.

 

[oread]

谁告诉您大家都用fix的呢？
十年的数据，那二十年的数据您看过吗？八十年代初期央行的利率是啥样的您知道吗？

最初由 happy 发布
看这么多，为什么大家都用fix?的呢？我看了bank of canada 10年的数据， 十年的均值在5.87. 看了5年的数据从1997年9月到2002年8月，均值是6。12左右。5年期间的利率是从低到经济最火的时候。如果用浮动，那么平均是6。12-0。8=5。32。但是加元那么高，即使美国的调息， 嘿嘿，央行敢跟吗？而且那时的最低都比现在高0。5%。

 

[support]

最初由 xyz139 发布
Fixed 5-year term.

"I have my pre-approval with BOM at 4.54% good for 12 months"

请问什么样的term. I mean, open? close? etc. Could you please give me more details ? I am looking for a pre-approval now.

Is it open? What about the acceleration payment, pre-payment and increase payment?

Thanks

 

[happy]

最初由 渐渐 发布
谁告诉您大家都用fix的呢？

In this topic, most people are talking about fixed rate. right ?

十年的数据，那二十年的数据您看过吗？八十年代初期央行的利率是啥样的您知道吗？

No offense for fixed or variable rate. I am just carious about the reason. I only got 10 years historical data from the bank of canada website. I am really appreciated if you could give a link to 20 years data.

 

[support]

最初由 渐渐 发布
谁告诉您大家都用fix的呢？
十年的数据，那二十年的数据您看过吗？八十年代初期央行的利率是啥样的您知道吗？

To 渐渐:

1 I got 3 yrs open variable rate with the interest rate of Prime less 0.85%. The interest rate compounded monthly. Is it a good rate?

2 How do you think 3 yrs fixed rate with 4.5%? The interest rate compounded semi-annually not in advance.

3 What does it mean "The interest rate compounded semi-annually not in advance"?


Thanks

 

[oread]

Support: I suppose you got your rate from BMO, that's a really good rate! All Canadian banks are required by law to disclose equivalent semi-annually compounded rate so that consumers could compare apples to apples and not apples to oranges. Call BMO to find out. Rate is adjusted monthly, meaning if prime rate changes in the middle of the month, you'll until the beginning of next month to start paying the new rate. Interest is paid daily, just like every other bank.

I personally don't like fixed rate, but that's based on my personal situation, specifically it really depends on your family's cash flow. I am prepared if prime rate jumps 2 more percentage tomorrow, I wouldn't lose my property.

"Not in advance" refers to the payment being collected at the end of a time period. If you are paying a mortgage, the June 1st payment pays for the previous month of May. It is the opposite of renting where the payment on June 1st pays for the month of June.

Reference: http://www.mortgage-made-easy.com/

 

[oread]

Bank rate was above 10% for most of the 1980s and early 1990s, with the worst in Aug 1981 at over 21%. We are at a historical low now, so fixed rate is still an attractive option.

http://www.bankofcanada.ca/pdf/annual_page1_page2.pdf

最初由 happy 发布


No offense for fixed or variable rate. I am just carious about the reason. I only got 10 years historical data from the bank of canada website. I am really appreciated if you could give a link to 20 years data.

 

[笑傲江湖]

Fixed 5-year closed term. 20%/20%

最初由 support 发布


Is it open? What about the acceleration payment, pre-payment and increase payment?

Thanks