Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "When will rates come down again?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]Bummer for you. I refinanced in the end of 2021 and got an ARM with an interest rate of 1.7 percent — 1.7 percent! — for the first seven years. I still have more than three years left at that rate. After that, the loan adjusts every year but has a five percentage point lifetime cap meaning the worst I can ever get is 6.7%, which isn’t that much higher than rates are right now. I was a very smart about this.[/quote] No you weren't. I got a fixed 30 year mortgage in 2021 at 2.5. If I am still paying off that mortgage in 2051 (which I probably won't be) it will still be at 2.5. Unless you are going to pay off an ARM before the reset, it is not a good bet. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
