Should i lock in my interest rate for a house now ... – Answer by tiptopmanager on Yedda - People. Sharing. Knowledge.

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Q:

Should i lock in my interest rate for a house now at 5.5 percent and pay $600.00 penality if the rate rises over that, i would ...

Posted by David Mendez 4 months ago

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tiptopmanager

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A:

I would say go for the 5.5 percent rates as the interest rates are rising according to the experts. The $600 penalty is much cheaper to pay in the long run than a higher rate.

Good luck and best wishes,

Tip

Posted 4 months ago

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