Well...I've never been much of a gambler, but I rolled the dice a bit when I entered escrow a few weeks back. I knew that I could get locked in at 4% at the time, but I also knew that a lot of the signs showed that things could change during my escrow. I knew that historically 4% is rediculously low on it's own, but I had heard of the "Quantitative Easing" that would begin after the Fed meeting this month and the possibility of it allowing me to lock in at under 4%, which is pretty much unheard of.
I'm not about to change my ways and become a gambler. If you see me in Vegas I'll probably be enjoying a show or a concert as opposed to a game of poker or blackjack, but I sure do feel great about my decision to hold off on locking my rate.
And I'll probably feel good about that decision for the next 30 years!!! Not to mention the fact that I'm going to tell everyone I know that if they are on the fence and would like a once in a lifetime rate...now is the time. Sure values may go up or down depending on a number of things, but I'm not as concerned with that because I am buying this home to live in and I'm loving it.
I'm going to be able to ride my bike to the beach in Encinitas for a long time to come without having to stress about being able to make my monthly payment.
Today is a great day!
Josh
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