Who here has taken advantage of low interest rates? - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

ChinoCoug · 01-29-2013, 05:52 PM

The rate for 30-year fixed is around 3.5%.

Inflation historically is 2.5%. That means a real interest rate of only 1%. With interest rates in savings accounts at 0.5%, there is no point in holding on to money (other than for emergency funds).

I've gotten two 3-bedroom homes in Northern Virginia and refi'd twice. One is on a 15-year loan.

It's also easy to find renters now that no one is buying and the renter's market is flooded. I've had no vacancies for 2 years.

01-29-2013, 05:52 PM	#1
ChinoCoug Senior Member Join Date: Jan 2006 Location: NOVA Posts: 3,005	Who here has taken advantage of low interest rates? The rate for 30-year fixed is around 3.5%. Inflation historically is 2.5%. That means a real interest rate of only 1%. With interest rates in savings accounts at 0.5%, there is no point in holding on to money (other than for emergency funds). I've gotten two 3-bedroom homes in Northern Virginia and refi'd twice. One is on a 15-year loan. It's also easy to find renters now that no one is buying and the renter's market is flooded. I've had no vacancies for 2 years. __________________ 太初有道