March 19, 2010 - 10:19 pm
Hi. Just wondering... if the interest rates drop down like they are supposed to, can you fix your mortgage on like a 3% rate? Or do they have measures in place to stop this?? Thanks.In general, when interest rates drop, so does the mortgage rate. You should refinance your current mortgage if a new rate gives you significant savings on the mortgage payment. However, beware of refinancing fees and other fees associated with the refinancing. These fees could eat up most of the savings you could be anticipating.#If you have any other info about this subject , Please add it free.# |
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