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Reply #39: I would go with less interest [View All]

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madaboutharry Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-15-05 08:00 PM
Response to Reply #30
39. I would go with less interest
The interest rate stays with you for the 30 years of the mortgage. There is the possiblity of re-financing, but who knows what the interest rates will be in the decades to come. There could be a time when people think 8.5% is really great. When Carter was president the interest rates were 17%!
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