I am wondering if I will ever disagree with AN and Perry. Once again I agree with the two of you guys. One thing I am not so sure about though is if the political party has as much a bearing on interest rates as we think. I believe that external forces drive the 10 year and 30 year markets alot more then whoever is in the white house. Yes the fed drives the overnight rate but still…
I think we all universally agree that in rates must rise substantially in order to start dealing with our debt in the correct manner.
Sorry for straying from the subject line. IMO it is always a no brainer to buy a lower price home at a higher rate then a higher price home at a lower rate. One can run the calculations to see the crossover points on the payment. Of course as already mentioned, at some point in time, high rates will cycle down to lower rates and then you are in fat city as long as your home hasn’t depreciated to the point where you cannot refi.
