79 sats \ 1 reply \ @HardMoney 18h \ parent \ on: Bank of Canada cuts benchmark rate to 3.75% econ
Unfortunately you can only lock rates in Canada for 5 years vs the USA 30 year fixed
Yeah, it would have been nice to lock in my mortgage for 30 years when rates were sub 2.
Fortunately, I have a small mortgage compared to most people so even when I had to renew at a much higher rate my monthly payment only went up a couple hundred a month.
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