Calling all homeowners

[DeputyDan]

Keep a close eye on mortgage interest rates for the next few months.

You can now get 30 fixed for less than 5% with a point. I bet it will be below 5% with no points shortly.

Depending on your existing rate it may be a good time to refinance.

For a $100,000 mortgage a one percent change is around $60 a month give or take!!!

 

[Theunis]

South Africans can look forward to better times in 2009 after the interest rate cycle has turned at last. South African bank's repo rate has dropped in December 2008 by half a percentage point to 11.5%

I wish we had interest rates of less than 5%. Ten years ago South African interest rates were well over 20%!!

 

[Grover48]

No house payments .... just dive expenses, which can mount up.

 

[Laustimus]

I refi'd back in September to 5.25%. By May 2010 I'll have my house paid in full (and we don't have any other debt besides the house).

Then my wife and I can put a lot of money towards seeing the world