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.
Canada outlawed 30 year mortgages.
Max is 25 and less....
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
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 !ย ::LOL::
