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Message Subject BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Poster Handle Anonymous Coward
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.
 Quoting: AlcoholicRunner

If your bank is sending you Refi paperwork, desperately trying to get you to refiance, dont do it.. They have insufficient paperwork on your original loan... They need new paperwork thats why they are giving you a sweet deal.
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