Quote:
Originally Posted by Villageswimmer
Ours was 6.125%. Yes--not THAT far from 7%. The rates do not change throughout the 30 yr bond life. Look at your amortization schedule. See what the real cost will be. Don't make a decision based on posts here.
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You are right. There is no right or wrong answer. It's whatever makes sense to the individual owner who has to think it through. There is a lot of info on districtgov.org and it is all probably there somewhere, but lazy me just called and asked the balance and the interest rate.