The Treasury Yield Curve for the 10-yr Note is 2.77%....

since mortgages are tied to this interest rate, the cost of buying a house or refinancing your loan will stay around the 4.5% rate for a 30 year mortgage...

This is the rate that most credit cards and consumer loans also tie their rates too.

This means a few things for us; the uncertainty that was pushing the rate up over the last few months has subsided and so rates will stay around this rate for a while longer. It also means that there is a real belief in the finance community that things are not getting better anytime soon.

Now rates might drop lower in the next few months, but 4.5 on a 30 year mortgage is a great deal. You can get low interest rates on cars, and you can also get these historic low rates for big tickets consumer products such as refrigerators, washers or freezers.

You will undoubtedly be paying back dollars that are worth less than they are now.

Wonder if the hedge funds have caught on to this one yet.

of course interest rates are low, there's no demand inflation.

that holds the mortgage.
Banks hold so many mortgages now that they are bulldozing down houses rather than trying to sell them.

any more money, your payments will drop significantly.

any more money, your payments will drop significantly.

You're not going to convince me, but it's pretty funny watching you talk so fast.

I know what the interest rates are here, they're foreclosing on the guy down the street. He has until the 15th to vacate his house.

interest rate mortgage and you refinance to a 30 year 4.5% mortgage, your monthly payment will go down by about $125 bucks a month...

I don't know how much more explaining you would need.

And even if you kept paying the same amount you are paying now, you could pay off your mortgage seven years early.

If I follow you correctly, I think you are talking about borrowing money on a house you already had just to have the money.

I'm not saying that at all.

All I am talking about is that Mortgage Rates are at historical lows and if you can take advantage of refinancing to a lower rate you will save money.

If you don't mind your new house investment dropping another 30% in the next couple of years...


Such a deal.....

Nothing is good, I might as well eat worms...

the cap on the 5 year raise is 2%. thank whoever that they do`t sell their mortgages and they don`t foreclose.. just like a car loan they take your home for non payment. they do`t list homes as foreclosures.