30 Year Mortgage Rates - How Low Will They Go? »
Posted By ChangeToday 4 months, 3 weeks ago in NewsThe 30 year mortgage rate has been for quite a ride over the last few weeks. After getting to the top of the roller coaster ride, it now looks like it is time for average mortgage rates to come down. Over the last three weeks, we have seen mortgage rates fall from 5.59% to 5.2% and they are likely to fall even more. With the Federal Reserve buying up United States debt, current interest rates are sure to fall.
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calitennflo4 months, 3 weeks ago
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Rule of thumb...you'll pay three times the amount financed, plus taxes...upkeep...etc. Owning a home in the United States is something the government took advantage of. Tax something how many times...over and over...same home, yet they tax it over and over. And why? They are a bit distorted...as their profession is one called with the liars and thieves.
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What we can do is lease...and do so for one amount for 100 years, with the option to re-lease again. Loose the property to some distant time...when someone else could own it but you could just lease the use of the [property again...instead of renting a home. -
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CHAM4 months, 3 weeks ago
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calitennflo. Leasing might work out but the owner has to pay taxes and also make a profit. Owning should be less costly than leasing in the long run. But who knows.
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Its also true that interest rates should come down yet they are really going up for everything including mortgages. When you look at the difference between what money costs the mortgage firm and the interest charged the rate of return is actually going up.
And that doesn't include the forced raid on the taxpayer with that shell game called Bailouts. Almost a Trillion dollars ripped from us and given to them ostensibly so that credit costs could come down and yet they are going up. We've been had.
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