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Message Subject BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Poster Handle AlcoholicRunner
Post Content
Only an idiot would sign a mortgage at this time.....
 Quoting: Anonymous Coward 23011194


Well, the mortgage rate is VERY TEMPTING! I had no choice but move to a new city and look for a new house. 3.25% loan rate... I compared that to 5.5% for the old house. hundreds of dollars saved a month!

Actually, it would be SMART to refinance mortgage loans... It will save you hundreds of dollars a month if your old loan has over 5% rate.
 
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