It would be really bad news (generally) if it does.
Mortgage Refi Question
- Thread starter cyfan92
- Start date
It would be really bad news (generally) if it does.
3.25 on a 30yr at Collins credit union. Us rates are incredibly high relative to the other developed countries across the globe. Unless the trade war ends tomorrow and global growth comes out of no where. I'm going to sit tight but want to keep my options open
If you can't pay cash then you better either be smart or a good athlete to get school paid for.
You can, but it’s a lot more complicated. SoFi and Common Bond are two big student loan refinancers; you can plug in some data and get fixed and variable rate refinancing quotes within 5 minutes. There are more options than just them, too.
But if you have federal loans, you have certain benefits like income-driven repayment, forbearance, deferment, and a general ability to help you rather than a single-minded focus on getting your money. That might be more worthwhile.
You are doomed to a career of making cardboard boxes in a factory then.
I know this is a thread about an important aspect of personal finance but my oh my interest rates tumbling like that is not a good sign for the macroeconomy.
Batten down the hatches folks -- the water is murky and the horizon is a steely gray.
Batten down the hatches folks -- the water is murky and the horizon is a steely gray.
Absolutely check with Green State CU or Veridian if you do. Depending where you are and what you're looking to accomplish now is absolutely worth a look.
lots of rates being thrown around in this thread. I think you need to clarify the term, or your rates aren't apples to apples.
Locked in a 15 year fixed in 2016 at 2.875% Watching, but don't think it will get low enough for me to start the process. Would need at least 2.4%-2.5% max to make it worth it.
Locked in a 15 year fixed in 2016 at 2.875% Watching, but don't think it will get low enough for me to start the process. Would need at least 2.4%-2.5% max to make it worth it.
Absolutely critical - 15 vs 30 year is big, as is "no closing costs" or not.
Also, PMI. If you are paying PMI and can get rid of it, that is a big deal too. Working with the gf to refi her place - she can ditch PMI and a 4.625% 30 year loan, and go to a 15 year at like 3% and have the same payment...
These rates are just an example of how nuts the world has become. Switzerland has a NEGATIVE rate for 50 YEARS. That means you pay them to keep your money for 50 years. This is so wrong that it means the Time Value of Money has no meaning.
Cool graphic -- thank you for sharing.
Going down the list from top-to-bottom basically tells you the opinion of the bond markets towards the creditworthiness of various national governments worldwide.
I would sure expect the Swiss, Germans, Dutch, Danish, and Japanese to pay me back in non-inflated currency way more than I would the Americans right now.
Do you really think that Italy is a better credit risk than the US right now? Because that is crazy town. This shows how badly the EU and ECB have broken their credit markets. It does tell you that Switzerland is in the best shape and Bulgaria / Italy are near the bottom. The US is in better shape than all of those countries.
It took 1 day. Bank of America is down to that exact rate today.
I stand by my statement that I like the top few on that list more than the USA.
I did not mean to imply the U.S. belonged on the bottom, though -- like you said, there are some weird things going on with Italy and some of the other lower-tier EU countries. You cannot really compared U.S. rates to those rates on an apples-to-apples basis either.
I would still probably trust the fiscal house of the Swiss more than Washington, though.
That would be debatable but you can't really rely on their government debt yields to prove it because the markets are obviously broken. I do believe that the US is in much better position than even Germany right now. It is generally not a pretty picture so being the best of a bad lot isn't that enviable.
