mortgage rates, smorrrtgage smates.

Today, Ryan and I finally met with Kiran, our Mortgage Specialist. It's super convenient that she's actually a Mobile Mortgage Specialist, because she's comes to us, well at least to the branch closest to us :)

Although I'm learning a whole lot about the financial jargon, I still don't know a whole lot about anything. So, of course, I'm leaning on the opinions of other to guide me to the better path ... but ultimately, it definitely is, Ryan and my decision. I stumbled on this article from the Globe and Mail ... Fixed or Variable Mortgage? That is the question.

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Our core view is that the most likely economic and interest rate outlook will ultimately again slightly favour the variable rate option...but it's a much closer call than usual. — BMO economists

After our meeting with Kiran, Ryan and I were definitely, leaning towards the variable option. But because of the economical shift, will interest rates in fact go higher? Since the economy is in complete recovery mode, will we suffer by taking a risk and going variable? Historically speaking, those who when variable has always seemed to benefit from it. So I'm crossing my fingers in hopes that we're be one of the lucky ones.

& if not, I guess we'll lock into a fixed. *thumbs down,

time is ticking, slowly

Nothing much happening regarding the house. It almost feels like we're at a stand still, actually it doesn't even feel like we even bought a house at all! I guess that's what it's like purchasing brand new - and I bet there will be a hug rush of errands, to-do's and decisions to make in the next couple of months. But as for now, we're standing still.

Some things on my mind however:

• If I see something that I like for our home, should I purchase it now?
• If something I like is on sale, should I purchase it too?
• Do we need hardwood on the main floor?
• Does Aiden need a bed?, he's only going to indulge in our king-sized one anyway.

Really, I can go on forever, but I've condensed it to those four :)