Quote:
Originally Posted by Aurel
So, what does a negative prime rate actually mean? Does anyone get paid an interest for borrowing money?
As far as 30 yr fixed loans go, I would be delighted to refi at 4.5% no closing cost and points from my current 6.625%. Am I dreaming or will it happen soon?
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Negative prime rate would be the cue to bend over and kiss it goodbye. The chances of that ever happening are so close to zero. If it did, you would know the end is near.
At 6.625%, even 5% would be good news. Go for it.