Replies to post #118959 on Simple's Green Room

[gitonwithit]

I refinanced too about 3 months ago to a 20 year from 30 year. Saved about $150 a month and 60 or so payments. Right close I was to doing a 15 year but with the way things are I thought safer to do the 20 and just keep paying the same amount as I was before. Higher rates sure to put a damper on any thought of a recovery though whatever the reason. I usually read www.mortagenewsdaily.com about once a week just to stay informed and they were expecting them to go down on Friday but they went up instead. Would think something based in fact would cause it but I'd just be speculating on what it might be. Hell that's a 25 percent change in a very short amount of time! Lots of inflows and outflows around the world that change things under the surface without being readily identifiable so guess we will find out in time.