COcheesehead
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Is a 3% rate good though if a 10 year is paying 0.5%?
That’s not how I look at it. I look at it in comparison to what I can/am getting in fixed income, not a 10 year . I am buying 5-7 year muni’s for my bond ladder that the yield to worst is just over 2%. In my bracket that is closer to a 2.6% yield.
With a mortgage close to 3%, factor in the time value of money, tax deductibility and I quickly came to the conclusion that now is the time to borrow.
Do I want to give my builder a large 6 figure check right now or give my bank a small 4 figure check every month.
Easy decision.
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