Prime Interest Rate?

The prime is at a 40 year low, it will only go up rapidly from this point. The question is not if but when..... the prime is the fastest moving of all indexes and is not tied to the Bond rate .... in 1995 era the prime was 16 % plus an can rise several % in a year, email me kevin@realty-answers.com I'll send you a detailed graph..... If you have the cash .... just do a 10 year P & I loan , you'll save $10,000 's in interest payments, also it a good time to invest or buy....... record low prices !

I'm interested to know more about the loan you have and the "fully indexed rate" if you say you're paying a "rather high rate". If you've been paying the loan down you're probably in a better position than most people and you have options regarding "fixing in" a low rate and/or payment. I'd suggest contacting a good local Mortgage Guy and bringing in your paperwork of what you have now. Kevin answered you pretty well that "Prime ain't going down".

I'm interested to know more about the loan you have and the "fully indexed rate" if you say you're paying a "rather high rate". If you've been paying the loan down you're probably in a better position than most people and you have options regarding "fixing in" a low rate and/or payment. I'd suggest contacting a good local Mortgage Guy and bringing in your paperwork of what you have now. Kevin answered you pretty well that "Prime ain't going down".

Prime can only go up.. If your overall rate is above 4.875% then I think its time to refinance. If you want, you can do a 20 year loan so you don't have to go back into a 30 year fix. 20 year fix rates are the same as a 30 year fix and right now we can offer you a 4.875% on a 30 year fix and lower if you are willing to pay a little more to buy it down! Call me and we can go over some pricing to see if it makes sense or not! Marty 310-971-7444