View Single Post
  #13 (permalink)  
Old 06-20-2008, 11:05 AM
disneysteve's Avatar
disneysteve disneysteve is online now
$ Saving Guru
 
Join Date: Jun 2006
Location: New Jersey
Posts: 15,578
Points: 95621.30
Donate
Default

Quote:
Originally Posted by jIM_Ohio View Post
that is what I heard too- if OP can get the fixed rate at 4.x%, that is a good deal.
No, you cannot. The fixed rate, as noted, is currently 0%. The inflation rate is variable and changes every 6 months. There is no way today to get a fixed rate above 0%. If the letter from the company says the 4.84% is locked in for 30 years, that is incorrect.
__________________
Steve

* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
Reply With Quote