Thread: Mortgage Rates
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Old 12-20-2008, 12:08 PM
Ray Zor
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Join Date: Jun 2001
Posts: 3,069
Default Re: Mortgage Rates

firefisher - 12/19/2008 7:41 PM

I have some friends that are bond traders. All have been doing so for over 20 years. They seem to think that the rates will be very close to 4.25% come January. And maybe lower than that is the coming months. I'm personally waiting for 4.00%. But may jump on the first 4.25% I see.
Ditto on this.
Just spoke to my Regions mortgage rep and was told the same.
Current loan balance is approx 90K at 5.25.
I am going to pay principal down $50K out of savings and modify the remainder or refinance
40K for 15 years. I hope to get 4% apr with this term.
I look at it as earning 115K over then next 15 years since this is what the finance charges will run me.

Actually, I am strongly considering paying entire note off. I have more than enough in savings to do this.


I am open to any opinions on this plan.........
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