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+--- Thread: Average 30-year mortgage rate soars to 4.46% (/thread-11609.html)
Average 30-year mortgage rate soars to 4.46% - chairman - 06-27-2013
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.
Re: Average 30-year mortgage rate soars to 4.46% - ketchim - 06-27-2013
Canada outlawed 30 year mortgages.
Max is 25 and less....
Re: Average 30-year mortgage rate soars to 4.46% - villagebelle - 06-27-2013
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
Re: Average 30-year mortgage rate soars to 4.46% - ketchim - 06-27-2013
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::