Money Matters
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Timing is everything....mortgage interest rates
Wow, it seems like rates are actually going down! At least in our area. We refinanced back in December to lower our interest rate on our mortgage and consolidate our two mortgages. We decided to go for it because we thought the Feds would increase rates in the near future. While I am happy we got a 3.8% interest rate, the same bank is now offering 3.62% interest rate! I know it's not a huge difference, but that's $6,000 over the life of the loan and would have been nice if we had waited a little longer. But, we can't do anything about it now.
For those considering refinancing, now might be the time to do it!
Re: Timing is everything....mortgage interest rates
It is a good time. We're actually getting ready to sell and move to a more rural location, so we're excited about the rates too.
Whoa!!! I feel like you can almost find CD rates that pay a higher interest rate than that. Nice!
Good luck with your home search and selling your house.