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Real Estate
Reply to "Mortgage interest rates - rise or fall this week?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]curious on what people's thoughts are on paying for half a point or a point to lower the rate. worth it? i guess it just depends 1) if you have the cash 2) how long you plan to stay[/quote] We paid about 2 grand to go down to 3.875. I think that's totally worth it. Remember you're going to be stuck with that rate for awhile, I doubt rates will go back down to a normal level of 3.875 any time soon. [/quote] 3.875 is near historic lows and nowhere near “normal.”[/quote] Interest rates were under 4% since November 2011, falling anywhere between 3.4% and 3.8%. So historically, yeah it's not normal, but it was average for the last 6 years. [/quote]
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