- Jun 12, 2014
- 9,587
- 25,418
Founding Member
Congrats and best of luck. That is the way to do it. Don;t take money out but I love how that 6 figure savings looks over time. I am not telling you to wait, I promise. But my prediction is that the 15 yr. mortgage will approach the lows of around 2.75 that the were about 6 or seven yrs. ago. With the 10 yr. Treasury easily breaking 2% on the downside today, I am seeing it challenging its all time low yield of 1.35% sometime in the future. With over 16 trillion dollars of sovereign debt now with negative yields I have a hard time not seeing our treasuries going near zero. The only caveat is the size of debt we have to issue to fund the deficits (thanx to those DC idiots), but with negative yields worldwide I see plenty of foreign governments buying our paper just to get some type of yield.
Cool, thanks for the input.
For my numbers, 3.25 vs 2.75 would be $90/month better and $15,000 savings over the 15 years. Always an interesting struggle of pull the trigger or wait.