AN– Whew, you’re tiring me out. First, I understand perfectly what you’ve been saying. For example, I’m working with 30-year fixed assumptions, so no need to tell me that the loan rate won’t change (especially since I already made that point). You seem to missing concepts like loans above $417,000 carry higher interest rates. For me a good guideline on current non-Jumbo rates can be found here.
Now, if you expect me to speculate what savings rates will be over the next 30 years, I’m just not going to do it. Sure it seems like they’ll go up tomorrow and for some number of days after that. Do we know what it will be a year from now? Two? Five? You’re speculating, plain and simple. And frankly, that’s your choice.
I knew it was only a matter of time before you mentioned having the cash available for a GREAT opportunity. Perhaps you’re thinking internet stocks or Krispy Creme franchises or something. The funny thing is that you think your approach is conservative.
