[quote=svelte]
That’s what I was talking about back on June 25th!
It’s probably going to be happening all over with interest rates where they are.[/quote]
Yep. Great call Svelte. It’s great to see them refinancing when interest rates are at such historic lows.
I guess entities all over (except Poway) should be taking advantage of these historic low interest rates. Even with the lower interest rates, it still makes sense to me to pay it off early.
When I asked the administrator what the rates went down from she said on average they were about 5.1% and many of them got refinanced down to 2% to 3% so I don’t imagine they can go much lower.
And doing a back check the CFD #4 looks like they’ve gone up the maximum 2% the past few years.
I was actually wrong that it went down $900 from last year. I was looking at an old property tax bill from the 2010/2011 tax year. It actually went down $550 NOT $900.
Just looking at the past 2 years property tax bills it looks like the CFD #2 was refinanced 2 years ago as well. It’s actually gone down the past 2 years in a row.
