Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: TH who wrote (5567)	5/4/2004 8:58:17 PM
From: mishedlo	Read Replies (1) of 116555

Thanks There is no question that an ARM is right for me Furtermore I am interest only. My wife just lost her job and our payment drops by 2/3 Even IF rates are hiked by 2 full points (extremely doubtful IMO) I will still only be back at the fixed rate. Our house is 2/3 paid off roughly and I think I am doing this for the right reasons as opposed to a stretching the budget reason. She had a couple interviews and if she finds something we will pay what we used to pay (probably after we soak away in MM fund 4-6 months worth of payments). Just setting aside the extra over wht we were paying, we can save 6 months worth of house payments in 2 months. Of course that is at 3%. I Really doubt we see much beyond 4.5 IF we even get that far. M

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