Well, I have the classic case of murphy’s law…But I guess relative to my previous rate (closer to 5.5% with a 30 year jumbo)..My case, I went for 30 to 15 years so it’s not exactly an apples to applies comparison… I’m not complaining. yet…(though I will be when rates hit 3%)..

My monthly payments will be $3.1k a month. A comparable neighbor’s home just rented for $3.2k a month…Of course, on top of that I have about $1k/month wrto prop taxes, insurance,etc…Not to mention that my principal is tied up…So, for me, renting would still be cheaper…Oh well….

Hmmm. With all the money I save on payments, no I can be a good American consumer and spend spend spend like there’s no tomorrow… heh heh. 🙂