Victoria, BC real estate blog - "because we never know when interest rates will be increased to stimulate the economy" ~ VREB
Monday, May 17, 2010
May 2008 vs May 2010
Let's say the rest of 2010 plays out like May 2008 to December 2008. You're sitting on a decent down payment and you have an opportunity to low ball in October/November getting around 15% off today's prices on a SFH. You can get a 5-year mortgage at roughly the same interest rate as today. What do you do?