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Table 5 · 07-24-2012, 04:49 PM

I know it's a crystal ball situation, but for those who are in the know (and I'm clearly not one of them) would you advise going into a 5 or 10 year mortgage at the moment? I was offered 5 at 3.09% and 10 at 3.99%, 25 year amortization period.

Everyone keeps talking of rates going up eventually, but how far do you think they will go? and how long will it take?

Also, are those fairly decent rates at the moment?

07-24-2012, 04:49 PM	#77
Table 5 Franchise Player Join Date: Oct 2001 Location: NYYC Exp:	I know it's a crystal ball situation, but for those who are in the know (and I'm clearly not one of them) would you advise going into a 5 or 10 year mortgage at the moment? I was offered 5 at 3.09% and 10 at 3.99%, 25 year amortization period. Everyone keeps talking of rates going up eventually, but how far do you think they will go? and how long will it take? Also, are those fairly decent rates at the moment?