interest rates: Upsize, Downsize, Refinance? Check My Crystal Ball
- 01/28/09 11:31 AM
Not too long ago, ok maybe a long time ago (35 years seems like just a while back), my MOther In Law had a 6.25% 30yr fixed mortgage on her home. I said "don't ever pay that off, you won't get money any cheaper", the going interest rate on a new home loan was somewhere in the vicinity of 12%. This is a new day. The lenders are shouting with joy right now, because after being called the scum of the earth for helping people get into toxic loans (not the case around here, 3rd lowest rate of foreclosure), they are … (2 comments)
This is where I write updates and information about Montana Living. Sometimes you'll see Real Estate stuff (my business) and sometimes you'll see Montana Local Events, Montanaisms and what I see and do when I travel around our state.
You will definitely see stuff about huckleberry picking, a family tradition, and quilting, my personal passion.
Not too long ago, ok maybe a long time ago (35 years seems like just a while back), my MOther In Law had a 6.25% 30yr fixed mortgage on her home. I said "don't ever pay that off, you won't get money any cheaper", the going interest rate on a new home loan was somewhere in the vicinity of 12%. This is a new day.
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