I just finished filling out 54 pages of refinancing paperwork for my shiny new mortgage. I’m excited to be getting a lower interest rate, but it does smart a bit to suddenly be back to 30 years instead of 28.5 years. Of course, even though I’m not paying extra on the mortgage now, the plan …
I’m in the process of refinancing my mortgage. My current rate is at 4.875%, and I’ve managed to lock in at a 3.5% rate. I should have tried to refinance sooner before rates started to rise again. But either way, that kind of drop isn’t bad. I’ll break even in around 15 months, maybe less, …
Over the weekend, I read an article that discussed the possibility that the Fed might raise rates soon. (What does soon mean in this case? I don’t know.) The article was written with a sort of “Oh no, this is terrible!” sort of vibe, but as a saver, I was pleased to see this happening. …
Last week managed to get away from me. Work got kind of crazy when people finally caught up after all the snow. While it was kind of fun to have a few snow days, we’re definitely paying for it now. I’m hoping this week isn’t quite as bad. Over the past few weeks, I’ve gotten …
Yesterday, there was an article in the Washington Post containing information that will come as no surprise to many of you. The current efforts to keep interest rates low in order to try and prop up the economy is hurting savers. While lower rates are great when you’re buying a house, they’re not so great …