Replies to post #73044 on Zeev's Turnips Patch-No Politics (ZEEV)

[Smart_Money]

Of course it's called the time value of money ie: 101 Finance. My point is since rates are Below 6 Percent take the 30 year fixed at 5.5% and pay it as a 15 year loan. At these historic low rates it's best to take advantage of the long term. Recently, 15 years was 5.5% the same as 30 today. IMHO rates are not staying this low for long and the lenders would smile greatly for a payoff of a 30 year loan at 5.5% if rates edged back up to 8%.