Tag: mortgage

Yep, some of 40 year mortgages currently being handed out will simultaneously go over the hill and expire sometime around 2048. And what do 40 year mortgage holders save over a 30 year? Not a lot. You’re saving $100 a month on a $200,000 loan. It’s not like the difference between a 5 and 10 year mortgage or even a...

Seriously – a 30 year was recently over 6% (up from 4.25% a month ago) and rates are changing every day. It’s not as dramatic, but you could also say that the 30 year rate is slightly higher than it was in December or lower than it was in August. (OK, so rates have dropped some since then). (what, did...