this post was submitted on 06 Jun 2023
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[–] Woofcat@lemmy.ca 2 points 2 years ago (1 children)

I'm really hoping that things calm down by the time I have to renew. I understand we need to get housing under control, however people are already entering very dangerous economic situations with 30+ year mortgages.

[–] Rumblestiltskin@lemmy.ca 1 points 2 years ago (1 children)

I am in the same position but I am preparing as if the rate will not come down a lot like some of the forecasts say.

[–] Woofcat@lemmy.ca 3 points 2 years ago (1 children)

Fortunately my kids will be in school by renewal time so I can divert nanny money into mortgage money. 😂

[–] Rumblestiltskin@lemmy.ca 1 points 2 years ago

All that saved money will go into sports and activities.