Archive for June, 2014

What impact does a lower interest rate have on my monthly payment?

Back in March, I wrote about interest rates being relatively low despite what experts had predicted at the beginning of the year.  At that time, they were averaging around 4.5% on a 30yr fixed with no points.  As we entered the summer, many had assumed that, at best, rates would remain the same or perhaps tick up a little bit.  Some experts even predicted we would be pushing near the 5% range by the start of summer.  However, now that ...

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