What is your mortgage interest rate? - Page 2 - Mothering Forums

View Poll Results: What is your mortgage interest rate?
2.0 or under 2 2.63%
2.1-3.0 6 7.89%
3.1-4.0 26 34.21%
4.1-5.0 23 30.26%
5.1-6.0 13 17.11%
6.1-7.0 5 6.58%
7.1-8.0 0 0%
8.1-9.0 0 0%
9.1 or higher 1 1.32%
Voters: 76. You may not vote on this poll

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#31 of 44 Old 03-05-2012, 04:39 PM
 
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Sorry, just realized I said variable.  We had a 3.9% fixed rate, open mortgage.  We now have a 2.9% fixed rate, closed mortgage.


N, wife to my goofball K partners.gif and mamma to my EC grad D (July 2010) and my new little love S (May 2013).  Exploring the uncharted territory of tandem nursing with my two boys.

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#32 of 44 Old 03-05-2012, 05:52 PM
 
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Quote:
Originally Posted by nstewart View Post

Sorry, just realized I said variable.  We had a 3.9% fixed rate, open mortgage.  We now have a 2.9% fixed rate, closed mortgage.


You have a 2.9% fixed rate???  Amazing.  I have never seen a rate that low..  U.S.?

 

 

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#33 of 44 Old 03-05-2012, 08:15 PM
 
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Quote:
Originally Posted by EmsMom View Post


 


You have a 2.9% fixed rate???  Amazing.  I have never seen a rate that low..  U.S.?

 

 


No, Canada.  Royal Bank of Canada.

 


N, wife to my goofball K partners.gif and mamma to my EC grad D (July 2010) and my new little love S (May 2013).  Exploring the uncharted territory of tandem nursing with my two boys.

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#34 of 44 Old 03-05-2012, 08:29 PM
 
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No, Canada.  Royal Bank of Canada.

 



That would explain it!

 

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#35 of 44 Old 03-06-2012, 11:19 PM
 
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We refinanced to 4.375% or so this year.  No closing costs, just had to chip in for the new escrow account since our taxes went up a little.  Had been 5.375 or something before, I can't remember.  It was through Chase (they bought out the bank we'd been with before), and while Chase and all their employees we dealt with pretty much sucked, it happened.
Only drawback was that the refinance kicked the mortgage back up to 30 years (they don't do 15 or 20 year loans, boogers), so we've thrown some extra at the principal already to take care of that.  We *are* having a mortgage burning party by the time one of us turns 40yo, that's all there is to it.  :D

 

Oh, we did look at refinancing through our local bank (that we have accounts with), but they still wanted closing costs.  Dumping out an extra few grand didn't appeal to us when our rate wasn't all that bad (and we were 8 years in), but for some with bigger mortgages or whatever, it could be worth it.


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#36 of 44 Old 03-07-2012, 09:07 AM
 
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We *are* having a mortgage burning party by the time one of us turns 40yo, that's all there is to it.  :D

 

 

Oh my goodness, I love this idea!


N, wife to my goofball K partners.gif and mamma to my EC grad D (July 2010) and my new little love S (May 2013).  Exploring the uncharted territory of tandem nursing with my two boys.

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#37 of 44 Old 03-07-2012, 01:52 PM
 
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We refinanced a year ago and went from 5.875% fixed rate on a 30 year loan (20 years left to pay) and we're now down to a 3.6% fixed rate on a 7 year loan (with 6 years left to pay).  We're paying about $500 more per month than our original mortgage, but only about $200 more than we paid each month since we paid extra anyway.  We hope that the refinance will allow us to pay off our house in about 4 more years.  The extra that we're saving with the lower rate was well worth the refi charges (about $1500, appraisal included)! 


Laura, Troy, Seth 6.24.06 , and Aaron 7.13.09
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#38 of 44 Old 03-10-2012, 06:21 AM
 
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2.99% fixed rate. It is up for renewal in July and here in Canada most terms are 3 or 5 years. It was a pleasant surprise when I called the agent after getting the letter yesterday. I had planned to shop around for the best deal but this is great. I also confirmed that I can continue to prepay at 20% and with bi-weekly payments which is taking years off the mortgage. Very excited orngbiggrin.gif.

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#39 of 44 Old 03-10-2012, 08:09 AM - Thread Starter
 
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Oh man... I wish I lived in Canada.

Co-sleeping is really wonderful when your child actually SLEEPS!! familybed1.gif
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#40 of 44 Old 03-10-2012, 10:54 AM
 
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can you find 50k houses in canada?


Unassisted birthing, atheist, poly, bi WOHM to 4 wonderful, smart homeschooling kids Wes (14) Seth (7) Pandora Moonlilly (2) and Nevermore Stargazer (11/2012)  Married to awesome SAH DH.

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#41 of 44 Old 03-10-2012, 01:25 PM
 
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Quote:
Originally Posted by Sharlla View Post

can you find 50k houses in canada?



Very unlikely!  As of Jan of this year the average house price in my city was $382,000 and the average in the province was $343,000.  I know about 8 years ago my BIL bought a house for $65,000 but it was in a really small, remote town (literally 150 ppl live there) and now it would probably sell for in the low $200,000s.  And that's what a small condo goes for in my city.


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#42 of 44 Old 03-11-2012, 09:11 AM
 
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Quote:
Originally Posted by Sharlla View Post

can you find 50k houses in canada?


It would definitely be in a small remote area and then getting employment would be a factor. Here is our national listing site: www.mls.ca. Have a browse around, there are maps so you can zoom back to see larger cities and the distance from them.

 

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#43 of 44 Old 04-24-2012, 12:57 PM
 
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Just closed on our refinance yesterday.  2.875%.

 

I have never seen more paper in my life.
 


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#44 of 44 Old 04-25-2012, 02:43 AM
 
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Just closed on our refinance yesterday.  2.875%.
 

 

Great rate!

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