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(1,049 posts)

6. When the rates are HIGH, it makes sense to get a variable rate so you can benefit from when it lowers.

Fri Oct 4, 2024, 02:18 PM

Oct 4

However, once it is reduced it’s also wise to refinance and get a fixed rate once you reach a rate that works for you.

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We just got a letter telling us our monthly mortgage payment is going down. [View all] GumboYaYa Oct 4 OP

You must have a variable interest rate. jimfields33 Oct 4 #1

Not necessarily January dsc Oct 4 #9

I hope mine goes down. lol. Even 10 bucks would be nice. jimfields33 Oct 4 #10

What is the reason? thinkingagain Oct 4 #2

My 20y rate DeepWinter Oct 4 #3

Variable rate mortgage? Bmoboy Oct 4 #4

I did in 2004. Low rate locked moonscape Oct 4 #7

Me too this was about 2 months ago. And my Insurance also went down. doublethink Oct 4 #8