Quote:
Originally Posted by Challenger
Where do you get a fixed rate equity loan at 3% which is other than a short term teaser??
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I've been paying 3% on my home equity loan for over 2 years now, and with this no growth economy , it will be at that rate for a long looooooooooooooooong time.The bond interest rate of 7.25% is amortized over 30 years, so your bond payments are basically interest only with very little principle reduction. If and when the home equity rates dramatically increase, i'll just pay it off, but in this no growth economy,incredible high unemployment with home prices still on the decline, the Federal Reserve will not touch interest rates.The leader of the Fed, is a student of The Great Depression, and realizes he can't increase interest rates, if he wants to get the economy moving again. Living in"the bubble" only 6 months out of the year i still must deal with reality and the real world.
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