The Federal Reserve bank of Chicago has issued a very good study on the tradeoffs between mortgage pre-payments and tax deferred savings. Click here http://www.chicagofed.org/publications/workingpapers/wp2006_05.pdf to read the study.
This article shows that mortgage arbitrage can still exist. If you need more education on this, please email me at toban.riley@americanhm.com
Comments(1)