darius30 saidRefi your home NOW if you qualify. Interest rates will probably never be lower.
QFT! ... and put it on a 15yr note.
Do it people,, and do it now! I did this over 15 yrs. ago and have loved having no mortgage payments the last few years.
Trust me..it's like an instant raise in your checking account every month.
yes, and no - depends on your market..
ie here in Manahttan, there are people who can easily purchase a $3.5MM 2 bedroom, but choose to rent because rent to own ratio is so out of whack on this tiny island which seems to have bucked national trends... as a landlord here, I'd have to agree with them tho and tell them to always rent
, albeit seeing their myopic point..
then again, there are people here who want to buy said condos in CASH.. meaning they're waiting for interest rates to actually RISE, which would inadvertently push prices down by weeding out the buyers needing a mtge waiting for interest rates to FALL (less demand = price dip, all things equal which it never is, especially in a global city like NY, with heavy Euro/Asian players in the market taking advantaged of a weak/raped USD$)...