FCC mortgage rates ??

[aggie]

I am wondering what people are seeing as the current rates that FCC is offering for 5 year fixed interest rates ??

[farmgal71]

We have not been in to talk to FCC yet but were thinking they are likely going to pass along some of the Bank of Canada prime cut.

I think we are going to lock in some more of our loans with all of the uncertainty out there.

Is anyone else moving their floating interest rate loans into fixed?

[Hopperbin]

Am miles ahead for not. Thats all gravy for the banks.

[ALLFARMER]

There is another interest rate cut from BOC expected.

[Klause]

Why would you lock in? We may see the rate cut to .25 or even 0

[aggie]

In many cases the Short Interest rates do not move in the same direction as the longTerm rates.... we could have falling short term and raising longer term rates.

I like to lock in the rates and avoid the risk...

Are we able to get sub 4% five year rates ?

[highwayman]

Aggie,answer would be Yes but depends on your own personal or corporate credit score.

[bgmb]

Nobody can predict what interest rates will do, an educated guess yes but anything is possible.

What we do know is that interest rates are at history of the world lows and they only have one way to go.

If you have a small amt of debt it's ok to float but on big land purchases I would be locking everything.

[bgmb]

Nobody can predict what interest rates will do, an educated guess yes but anything is possible.

What we do know is that interest rates are at history of the world lows and they only have one way to go.

If you have a small amt of debt it's ok to float but on big land purchases I would be locking everything.

[Hopperbin]

Lets say someone would today around here purchase 4 quarters for an even million dollars total. For every one percent over floating the extra interest is 10, 000 dollars. Or 2500 per quarter. Interest alone at 4 percent floating is 40, 000. Or ten grand per quarter. Sun of a bitch I am glad I am not buying land today. And is there not something better to do with extra cash these days than buy land and then comes new machinery. I guess land will always go up from what I hear.

[Hopperbin]

Lets say someone would today around here purchase 4 quarters for an even million dollars total. For every one percent over floating the extra interest is 10, 000 dollars. Or 2500 per quarter. Interest alone at 4 percent floating is 40, 000. Or ten grand per quarter. Sun of a bitch I am glad I am not buying land today. And is there not something better to do with extra cash these days than buy land and then comes new machinery. I guess land will always go up from what I hear.

[Hopperbin]

Bg our system has made people borrow as much as they can so they can buy as much as they can. Interest rates may well stay low forever from now on. Rkaiser should be thankful he has a bank to deal with. Wonder how his relatives would respond if he tells them to go to hell. Haha just an example.

[bucket]

Consider fcc gets a good rate on their rates 4 percent is what I would call highway robbery or loan sharking.

[rkaiser]

And you are saying what Hopper? I will engage if you like.

[Hopperbin]

I cannot fight you rkaiser. I know I have a nephew that is all like you. I wont win.