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3.75% 30 year fixed.. with no points or fees... how low can we go?
2011 Dec 15, 2:12am 8,396 views 15 comments
by LAO follow (0)
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JodyChunder
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2011 Dec 15, 5:27pm
Hey, I just needed to go to a teller at the bank and I jokingly asked "So, when is so and so bank going to liquidate their housing inventory" She laughed out loud and said: "Well, everyone wants to know that"
this way of things will keep on for at least 20 years according to my source. every one wants to think its just 1 more year just 1 mor eyear. no sir, i will be dead or in diapers before i ever seen normal again that is for sure.
EastCoastBubbleBoy
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2011 Dec 20, 8:51am
For my personal situation, rates this low make buying a cheap fixer upper more and more appealing. Rates making the prices easier to justify. Problem is taxes are still high, at least around here.
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How low can mortgage rates go for 30 year fixed? Just a few years ago a 3.75% rate would have been low for a 15 year fixed mortgage!!
If inflation rose to say 5-6% a year... Wouldn't locking in a 30 year fixed at that low of rate be like free money?
(assuming you can keep your job and have enough to pay for other inflated expenses).
#housing