How Canadians Are Responding to Changes on Mortgage Rates
We've been hearing the news lately about the interest rates increase and somehow, we can't help but wonder how it will affect us.
Some consumers have started locking in their mortgage while others are in the wait-and-see mode.
An article in the Financial Post published on April 20, 2010 reveals that Canadians are taking the news on the mortgage rates increase in a not-so-alarming position. After all, we've been there at some point and the recession has given us so much time to understand, plan and prepare for our needs.
Putting our priorities in place would obviously make a difference.
Consumers should look at their financial position, individually and as part of the household, whether they are comfortable with their spending or they need to set aside some more funds for some future undertaking.
In fact, we should all look at and review our contingency plans, in case, things don't work out.
So, have you thought about your plan B?
Sheila Atienza,
Book Author, Canadian Home Financing Simplified: How to Qualify as a Real Estate Buyer
Book Author, How to Prepare to Own a Home in Canada: Recession-proof Lifestyle for Immigrants and First-time Buyers.
You can get your copy through the online bookstores.
-------------
Sheila Atienza,
Richmond BC Realtor (Multiple Realty - Cambie Rd, Richmond)
Published Book Author:
"How to Prepare to Own a Home in Canada: Recession-proof Lifestyle for Immigrants and First-time Buyers" and Canadian Home Financing Simplified: How to Qualify as a Real Estate Buyer Copies available through Books.iClickProperty.com
Sheila Atienza is a market specialist - real estate - agent who serves in the communities of Richmond, such as, Terra Nova, Sea Island, Bridgeport, West Cambie, East Cambie, Riverdale, Quilchena, Granville, Seafair, Boyd Park, Steveston Village, Steveston North, Steveston South, Westwind, Woodwards, Broadmoor, Garden City, Saunders, South Arm, Brighouse, Brighouse South, Mclennan North, Gilmore, Mclennan, East Richmond, McNair, Ironwood, Hamilton. Sheila has been helping immigrants, first time buyers and investors through the process of buying and selling of properties.
iClickProperty.com Home - Buying - Selling - MLS Property Search - Financing - Books - Realtor Profile
Copyright by Sheila Atienza 2006-2011 All rights to contents reserved. 
We've been hearing the news lately about the interest rates increase and somehow, we can't help but wonder how it will affect us.
That was the rumor going around in the spring as the Fed stopped their MBS buying spree. Obviously, it never happened