Well I have selfish reasons to oppose these hikes. Here in Canada my mortgage is coming in for renewal. Canada has no choice but to follow US interest rate hikes, unless we want to see our dollar cave. So SOB, this is going to cost us more each month on our renewal. Yes, it would be better if we had no debt, and in a perfect world we wouldn’t, but raising 4 kids it just is not going to happen.
FWIW, I could really care less if our dollar caves, but others apparently do care. I suppose I would care if I were going to go for a trip to the US in the near future.
” Here in Canada my mortgage is coming in for renewal—”
What does that mean? I’ve had 30 year mortgages,but they were fixed.
(Obviously I am no financial genius.)
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