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Old 03-06-2011, 12:43 AM
idiotstockinvestor idiotstockinvestor is offline
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Default Canadian Mortgage Rate History

http://www.canequity.com/mortgage_rate_history.stm

The graph shows a clear trend that variable works out to be cheaper, however with record low rates (well at least until recently) I think fixed is a better way to go, especially since rates can and only have been moving up from the historic lows (as you'd expect). I find it funny how banks still want you to take variable and try to sell you on it, well of course they do
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