CassieNet News :: Mortgage Know-How :: RE: Want to know about Fixed Interest Rate

Mortgage Know-How :: RE: Want to know about Fixed Interest Rate

Author: jerry
Subject: RE:
Posted: Tue Nov 29, 2005 3:06 am (GMT -8)
Topic Replies: 2

Hi,

Fixed interest rate can work for you or against you. For example, if you take a 10 year fixed rate mortgage at 6% and if the standard rate falls down to 4% then you may suffer losses in case you have locked in at the previous rate. But if the rate increases to 8% then you may not have made a better decision in your life then this.

Thanks,
Jerry

For the full story see:
http://www.mortgagefit.com/fixed-rates.html
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