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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (31400)4/29/2005 12:05:30 PM
From: loantech  Read Replies (1) of 110194
 
Mish it is my opinion that most people now days are poor credit managers. The fixed rate gives them a solid base of knowing a fixed payment. You and others have argued that rates will go down or up, who really knows?

You assume you won't have a car wreck so do you cancel you insurance? I look at a fixed rate for most of these way over extended buyers and serial refiers as a form of insurance.

In your case you are a very savvy person and keep your eye on the ball. I also assume you don't over extend yourself with credit etc. So each case is a bit different.An ARM for you is good. Maybe I should get one. <g>
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