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PY Online Forums - Bringing the Pontiac Hobby Together > General Forums > Members Helping Members > Unconventional Wisdom - Mortgage Payoff
 
 
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Old 02-26-2008, 10:28 AM
Supertacks Supertacks is offline
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Join Date: Sep 2002
Posts: 321
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Quote:
Originally Posted by kenneth77
why do you have to pay a interst rate of 5,35%,when the federal reserve have lowered the rate to 3%(?) ..i thought the normal was +1% from the banks

Fixed rate mortage at 5.35.

I am going to talk to my money guy today. My guess is I won't end up doing this. But it certainly sounds good on the surface.

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