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Opinon on Mortgage rates (refi)
Old 09-16-2008, 03:14 PM   #1
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Opinon on Mortgage rates (refi)

It looks like it's time to keep an eye on rates. Where do you see them headed from here?

Penfed has a 15 yr @ 5.00 with .375 points

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Old 09-16-2008, 03:17 PM   #2
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Personally, if I could afford the payments with the current rate, I'd lock it in now, knowing I could always refi later if they drop.

I don't know which way rates are headed but I'd rather lock in an affordable rate than take a chance with higher rates locking me out of the home I could have afforded with lower rates.
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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