To: JustTheTruth
If you're locked into anything not short-term, it is time to start thinking about your exit strategy before rates climbAssuming that interest rates will go way up, if you have a low rate fixed 30 year mortgage, that would be a good thing, not something you want to escape from. If you have a fixed interest deposit paying 1% though, that could be a problem.
3 posted on
08/30/2010 1:16:43 AM PDT by
ding_dong_daddy_from_dumas
(Lt. Col. Ralph Peters: Obama is the dog who caught the fire truck!)
To: ding_dong_daddy_from_dumas
Assuming that interest rates will go way up, if you have a low rate fixed 30 year mortgage, that would be a good thing, not something you want to escape from.
This will prove disastrous in every other way, offsetting any benefit one may derive from being "locked in". Don't fool yourself.
6 posted on
08/30/2010 3:33:14 AM PDT by
Red in Blue PA
(Anti-Gunners suffer from Factose Intolerance)
To: ding_dong_daddy_from_dumas
>Assuming that interest rates will go way up...
Interest rates going way up would be a huge nail in the coffin, affecting everything in the country.
11 posted on
08/30/2010 5:47:21 AM PDT by
bill1952
(Choice is an illusion created between those with power - and those without)
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