On May 28, 2009, at 6:19 PM, Terry Blanton wrote:
I'm not sure this does not belong on VortB; but, today the US sold
$100B in T-Bills and had to pay 3.7%. This will is a preliminary
indication.
Re-Fi now if you can.
Terry
Things are moving fast.
http://www.kitco.com/ind/nadler/may282009A.html
"On Thursday, May 21st, a prime mortgage borrower could have obtained
a 30 year fixed rate of 4.75% with a half point fee. On May 27, the
equivalent rate for a prime borrower is 5.375% with a half point fee.
To obtain the 4.75% rate today, a borrower would need to pay
approximately $5,400 on a $250,000 loan to buy the 4.75% rate. The
monthly payment difference on a $250,000 mortgage loan at 5.375% vs.
4.75% amounts to $96 or $1152 per year."
Best regards,
Horace Heffner
http://www.mtaonline.net/~hheffner/
