|
09-19-2016, 06:49 PM | #421 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
|
Quote:
It's a popular position that interest rates HAVE to go up. What boggles my mind is interest rates really fell at 9/11. Which was 15 ****ing years ago. They didn't achieve their epic low for a few years but they've been almost nothin for 15 years. There isn't inflation. I fail to believe that there will be material changes in the interest rates. I'm probably wrong, but I don't see any reason for them to take off that hasn't existed in the last 15 years. Last edited by Buehler445; 09-19-2016 at 06:54 PM.. |
|
Posts: 57,743
|
09-19-2016, 06:55 PM | #422 | |
Banned
Join Date: Jan 2013
|
Quote:
|
|
Posts: 53,803
|
09-19-2016, 06:57 PM | #423 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
|
|
Posts: 44,001
|
09-19-2016, 07:10 PM | #424 | |
Banned
Join Date: Jan 2013
|
Quote:
Democrat President/Republican Congress has meant an over 21% increase. |
|
Posts: 53,803
|
09-19-2016, 07:12 PM | #425 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
|
|
Posts: 44,001
|
09-19-2016, 07:36 PM | #426 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
|
Don't change your investments based on who wins. It's largely uncorrelated when calculated for a president's full term. Political parties don't really effect the market. We've had great and bad times with both parties at the helm.
|
Posts: 46,090
|
09-19-2016, 07:37 PM | #427 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
|
No, but I feel confident that a Trump election would make volatility spike and stay spiked for a while.
|
Posts: 44,001
|
09-19-2016, 07:41 PM | #428 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
|
Quote:
I'd like a stock sale. But I think volatility will be high regardless of who wins this election given both candidates. |
|
Posts: 46,090
|
09-21-2016, 05:49 PM | #429 |
TACO SALAD
Join Date: Apr 2008
Location: yes
|
non shocker? rates didn't move.
|
Posts: 6,305
|
09-21-2016, 06:15 PM | #430 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
|
I think the market is way overdue for a correction and these lower than low rates are like a loaded spring.
|
Posts: 52,239
|
09-21-2016, 06:26 PM | #431 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
|
The paperwork for a simple mortgage refinance has been insane. Should be closing fairly soon though. The loan company waived our appraisal, as they determined we already have enough equity in the house to refinance without someone having to look at the property and determine it's value. So that's a bonus.
|
Posts: 46,090
|
09-21-2016, 07:41 PM | #432 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
|
Quote:
Rates have been so low for so long not sure how you reduce payments anymore or were you looking to take out equity to do something else with the money? |
|
Posts: 52,239
|
09-21-2016, 07:53 PM | #433 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
|
When we bought the house 3 years ago, we only got approved for a 4.625% rate, I think because of my wife's lowish credit score of 720. I also didn't do any shopping around, so that probably didn't help. I checked into refinancing last month with rates being at record lows and they ran a credit report and with our credit now, 790 and 805, they said they could knock a full 1% off our interest rate. We plan to stay in this house long term, so it's just a play to pay less interest over the life of the loan. Our mortgage payment is very comfortable for us, so we will continue paying what we pay now, maybe even a little more, to pay off the house sooner and with the refinance, save on interest over the life of the loan.
|
Posts: 46,090
|
09-21-2016, 07:54 PM | #434 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
|
When I did mine a few years ago I picked up a shorter term and was able to reduce the rate significantly enough.
|
Posts: 57,743
|
09-21-2016, 11:57 PM | #435 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
|
I have two new books. How to Crush it...and Built to Last.
|
Posts: 54,586
|
|
|