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We bought our house in 1983 at 12 3/8%, 30 year fixed.
1988 - Refinanced to 9% 25 year fixed.
1993 - Refinanced to 7% 15 year fixed.
2003 - Paid off the mortgage with a HELOC at 3.5% variable. Took an additional $10,000 for home repairs.
2006 - the HELOC had increased to 7%. Paid it off with a balance transfer from a credit card with a rate of 2.99% for 1 year and then dropping to 1.99% for life.
Yes, we paid off our house with a charge card. As brewer12345 said, I can't imagine ever getting a lower rate. If this sounds familiar, I posted about this in another topic about secured debt vs unsecured debt.
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