Quote:
Originally Posted by corn18
The loans I am looking at are 30 year fixed, conforming (<$510,400), no PMI and I am seeing 2.75% with no points pop up occasionally on bankrate.com
With inflation running 2%, that's a 75 bp spread and that is awesome. I hope I can get better than 0.75% interest on my money. But it sure has been nice not having a mortgage.
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Quote:
Originally Posted by roastbeef
Yes, 3.125% for 30 years fixed. I would have liked to do a 15, but I want the flexibility to pay off my rentals sooner and then use that income to pay extra on the mortgage.
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Wow, that's crazy - I thought you might just be referring to the amortization term...but if you can lock in that rate for 15-30 years, then why wouldn't you.
Longest I've seen here is 10 year. And those are probably 5-6%. Thanks for letting me know.