Today, you can find a good 10 yr fixed rate under 3.70%. That’s a historical low rate for a 10 yr term. When you hear ‘record low’, it’s worth taking a look.
- peace of mind… there is something to be said for knowing what your payments will be for the next 10 years. It’s like buying insurance.
- we are at historical low 10 year rates.
- if you paid your mortgage out after the 5 year mark, your penalty is capped at 3 months interest (a hidden provision in our mortgage laws…. I’m sure the Bankers are trying to get this removed too). Read the rest of this entry »