Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Tito L. Nisperos Jr. who wrote (50900)	8/21/2001 3:01:12 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

Tito, I dont think there have been mortgages in the 5's since the 1960's. My mortgage is three years old and is 6.5% What is the rule of thumb on refinancing? My daughter just bought a home in June and it was 7%. Even if cash is not pulled out, lower payments equal more purchasing power. Also with lower long term rates, stock market returns looks much better compared to bonds. I have heard a lot of folks say this needs to occur to sustain the next upturn in the economy which might initially be anemic. mike