Quote:
Originally Posted by vwbuge
I am totally ignorant to the whole process. With the rates the way they are I am just diving in to see if it is worth it to me. Anyone have any experience?
Thanks,
Paul
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Just a tad
What is your current rate and goals over the next five years? The decision should be well thought so be sure it make sense for you. #1 being how long do you plan on owning your current home because the cost may offset any savings you may get or think you're getting.
Don't get the Fed Rate confused with long term rates, yes rates are good but they jumped due to the Fed Rate cut today will be a big day since the Job's Report is released @ 8:30 am today....in any event they should trickle back down in the next week or two.