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Topic	Y'all ready for a repeat of 2008?
faramir77 03/13/23 9:21:14 AM #17:	Clench281 posted... I'd love to see the death of the 30 year fixed rate mortgage Lol, why? In Canada you have to renew your mortgage every 5 years. Unless interest rates drop, Canada will see one of the biggest housing crises in first world history in about 3 years when all the under 2% interest rate mortgages come due for renewal at 6% or more, which increases the monthly payment by about 50%. --- http://www.youtube.com/watch?v=XiCtAUrZbUk -- Defeating the Running Man of Ocarina of Time in a race since 01/17/2009. -- <cite>faramir77 posted [p:972140684] in Y'all read... [t:80377472]...</cite> <quote>Clench281 posted... </cite><quote>I'd love to see the death of the 30 year fixed rate mortgage</quote>Lol, why? In Canada you have to renew your mortgage every 5 years. Unless interest rates drop, Canada will see one of the biggest housing crises in first world history in about 3 years when all the under 2% interest rate mortgages come due for renewal at 6% or more, which increases the monthly payment by about 50%. --- http://www.youtube.com/watch?v=XiCtAUrZbUk-- Defeating the Running Man of Ocarina of Time in a race since 01/17/2009. --</quote> ... Copied to Clipboard!
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