1. Attention: We have put together a thread with tips and a tutorial video to help with using the new software. Please take a moment to check out the thread here: Trapshooters.com Tutorial & Help Video.
    Dismiss Notice

Mortgage interest rate cut received

Discussion in 'Off Topic Threads' started by wireguy, Dec 23, 2008.

Thread Status:
Not open for further replies.
  1. wireguy

    wireguy TS Member

    Joined:
    Jan 29, 1998
    Messages:
    3,715
    I just received a letter from my mortgage company announcing they have CUT my interest rate by .25% and showing my new lower payment. Given that this was un-solicited and not even "here, sign this", I'm thinking there is a much bigger issue at hand here. Anyone care to comment?
     
  2. shannon391

    shannon391 Active Member

    Joined:
    Jan 29, 1998
    Messages:
    4,477
    That's a nice Christmas present! I know the fed cut the rate big time.

    Are they trying to detour the next boat load of forclosers?

    I'm keeping a close eye for a re-fi, heard rumours of 4% fixed.
     
  3. halfmile

    halfmile Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    15,649
    Location:
    Green Bay Wisconsin
    I would keep paying the old amount and get it finished sooner.

    HM
     
Thread Status:
Not open for further replies.