Discussion in 'Members' Lounge' started by pissedoffsol, Mar 28, 2006.
fed rate bumped--- AGAIN.
banana republic anyone?
i swear, not 24 hours ago, i told my grama it would go up again, and look what happend...thanks b...youre my hero.
i am not a sub
<-- 5.625% locked in fixed loan....
i didnt get it either
hero = sub = grinder
sub? like a sammich?
I'm at 6.0 right now, and about to refi at 6.5... But I'm getting out of my PMI, and getting cash back, and payment is staying the same.
1st mortgage is at 5.75% and my HELOC is at 6.5% var right now, which will soon be a fixed 2nd mortgage
here's something to think about, about 25 years ago my boss bought his first home and the interest rate was 15%
yep, my parents paid 14% for their house.
But also the house 25 years ago was prolly priced under 60K's...and that house is prolly now worth over 500K's...
Ouch. I'm locked in at 6.35.
Actually believe it or not, he purchsed the house for about $120K and it's only worth about $240K now,which os double the value before, (he live in weathersfield) which for some reason has not seen the same type of housing market increase as the rest of CT.
for example I'm in wallingford, bought the house for $140K, and now it's worth close to $260, and when I'm done remodeling it'll be closer to $360-380K, all of this has happend in two years for me. I'm looking at a 3x increase in 2 years.
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