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Reply to "Feeling good about my 3.75% 30 yt mortgage"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Builder and mortgage broker told me I was crazy 2 years ago to lock in at 3.75% for 30 years. My builder went into great detail describing his 2.75% ARM and how much he was saving. Did I pay more for a couple years? Yes. Rates could be close to 6% by then end of this year - and I’ve got 3.75% basically forever. [/quote] Whatever makes you feel good There is no way that rates are pushing 6% at the end of the year - no evidence to support that[/quote] 10 yr treasuries at 3.0% soon and will rise through the year. If they are at 4% by year end, youll see mortgage rates north of 5%.[/quote]
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