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rates up! mortgage payment up!

January 21st, 2010 at 07:27 pm

The variable portion of our mortgage has had the rate (finally) adjusted. Rates rose about two months ago, and the bank has finally made our payments more. I like that they take their sweet time doing it!

Old weekly payment: $159.23
New Weekly Payment: $176.77

Our fixed portion remains the same at $259.23 per week.

Our variable interest rate has gone from 5.21% to 5.91%

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