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Average 30-year mortgage rate soars to 4.46%

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27 Jun 2013 11:39 #143133 by chairman
Average 30-year mortgage rate soars to 4.46%

U.S. mortgage rates surged this week, reaching their highest level in two years and threatening to slow the housing industry's steady recovery.
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27 Jun 2013 11:41 #143134 by ketchim
Canada outlawed 30 year mortgages.

Max is 25 and less....

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27 Jun 2013 11:45 #143136 by VillageBelle
the amortization is 25-30 yrs....correct?

the interest rate is for the term of the contract with the bank.....variable, 3-5yrs....correct?

in Canada i don't believe you can get a fixed interest rate for 25-30 yrs

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27 Jun 2013 12:12 #143144 by ketchim
No , here we do in in terms : 1, 2 ,3 , 4 , 5 and sometimes 7 years :

Amort is a latin term meaning to die OR your mortgage is done with !

that is , IF you doan die b4 de mortgage !  ::LOL::

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