Tuesday, December 16, 2008

Fed Drops Rate

To an unprecedented .25%. . . .

I hope this transfers to the mortgage market. I would love to get a lower fixed rate. I never have and never will go with an adjustable rate mortgage. My Dad taught me enough about money to know if I can’t afford the loan now then when the rate goes up I will be screwed. . . .

Anyway, now to wait out the banks and see if it will be time to re-fi again. . .

2 comments:

John said...

I saw 5% 30 year fixed out there ... I wonder how much lower they could go.

JD said...

Don't know, but I will be watching. . . I could use a lower rate on my fixed loan. . .