Episode 90 Transcript – Stat’s on rates post US election

Hello there! You’re live with Jessi Johnson and I’m not going to lie, I’m in a bit of a frustrated mode right now. I’ve spent a whopping hour on the phone today with Fido on two separate phone calls. One person telling me they’re going to do all of these wonderful things and fix my issues. The second person telling me to pretty much f*** right off. I’m trying to make myself feel better and boost up my energy moral for some marketing this afternoon. I should be sponsored by Red Bull. Beaver Buzz actually, Canadian! I will try to get past my issues with Fido. The only reason I am with Fido is because they have City Fido for $45 a month with unlimited calls. My record is 8,000 minutes in one month believe it or not. I need a BlackBerry. Really cool stats. This is very important other than my ranting and raving about Fido. I very strongly promote lining up 4 year interest rates following the US Presidential election. For those of you who follow my blogs you will see a number them where I promote this every 20 or so blogs. I actually looked up some stats and you always want to look to refinance post US Presidential election. In the year 2000, the 5 year posted rate, this is posted not the best rate, we would get the discounted rate as a broker. but he banks a lot of times will sell you a posted rate. The posted rate was 8.25% and four months later, so November to February, it dropped to 7.25%. It dropped an entire percentage point during that time frame from the election. In 2004 it was at 6.3%, it dropped to 6.05%. So you know, a quarter point. Not catastrophically huge but still enough to make a small dent on your monthly payment. In 2008 it went from 7.2% to 5.55%. I haven’t done the math on that but that’s close to a 2% spread. That’s huge. Just by simply refinancing after the post presidential elections. The trick is you want to line up right now probably a 4 year term and to just keep on lining up 4 year terms. Either way, I’ve got an abundance of information and various strategies for you. Once you are a client and on my client database or even friend database, as long as I know your existing portfolio, I’ll be able to contact you back and advise you throughout the years when these strategies might be relevant to you and how they might benefit you. I’m not going to bore you too much. Again, I’m Jessi Johnson. You can reach me at www.jessijohnson.ca or www.firsthomeinfo.ca. Remember, Own Your Life. Have a good day.