| Title: | Market Investing |
| Moderator: | 2155::michaud |
| Created: | Thu Jan 23 1992 |
| Last Modified: | Thu Jun 05 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1060 |
| Total number of notes: | 10477 |
Interest rates are very low right now and I'm due to renew my mortgage in August. I'd like to lock my rate in for as long as I could. I have a choice between a 5-year 9.625% rate and a 4-year 9.375% rate which would be due to re-new around the time of the next U.S. election. Someone told me that interest rates are usually low around the time of U.S. elections. Does anyone know if this is true or not? Thanks, /Mario
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 222.1 | NOTIME::SACKS | Gerald Sacks ZKO2-3/N30 DTN:381-2085 | Wed Jun 17 1992 10:56 | 2 | |
You're in Canada, right? Could you explain what you mean by 5-year and 4-year mortgages? Are these balloon mortgages? | |||||
| 222.2 | 4-year, 5-year term. | KAOFS::M_MORIN | Le diable est aux vaches! | Wed Jun 17 1992 12:58 | 13 |
Yes, Canada. 5-year term, 4-year term? Means the rate is locked in for that long. After that you have to re-new again. Isn't that the way it works in the U.S? I think that you guys have 10-year and longer terms also. In any case, question remains. Do interest rates usually go down around the U.S. election time? Thanks, Mario | |||||
| 222.3 | Not that I can see | VMSDEV::HALLYB | Fish have no concept of fire. | Wed Jun 17 1992 14:29 | 10 |
Summer November
Based on a chart of 30-year
1980 9.2% 12.7% U.S. Treasury bond futures,
shown at left, I would say
1984 13.5% 11.0% the answer is NO. There is
also no apparent pattern in
1988 9.7% 8.8% the year after elections so
it looks like you take your
best guess and hope ...
John
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