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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (10029)	3/26/2002 12:01:09 PM
From: kirby49	Read Replies (1) \| Respond to of 36161

So you're saying that it's only okay to refinance and pay the penalties to get the lower rates. There may be some of this, but I think most refinancing is to use the equity taken out for some reason, to pay off higher interest debt like credit cards, or to throw at the stock market. The first will only work if you keep credit card balances paid off after the refinancing and I don't think today's consumers have enough discipline to do that. The second use will only work if it's placed in an uptrending sector in the market<GG>. Let's hope a few of those that keep at this racket will put there money in the yellow dawg. Regards Bob