3.75% 30 year fixed.. with no points or fees... how low can we go?
2011 Dec 15, 2:12am 8,394 views 15 comments
by LAO follow (0)
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EastCoastBubbleBoy
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2011 Dec 20, 8:51am
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