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To: tom pope who wrote (10226)	2/18/1999 11:26:00 AM
From: Sam	Read Replies (1) \| Respond to of 11057

*** OT *** Tom, My condolences! There is a very very hard rule in our family--we don't advise each other on how to invest. Helps keep peace in the family. The one time it was unavoidable was last fall, when we had to get a mortgage for a new home. We could have gotten a 6.25% 30 yr rate for 1 pt plus some fees, in early Oct. The closing was in early Nov. I said no, the fees plus the point were too steep, made the effective mortgage around 7% or so, rates were heading down, we will do better to wait, will get 1/2 point or so less. Of course, rates headed up from that point on, and we ended up with 7 1/4%, with fees and points rolled in. Needless to say, the comment "You said rates had to go down!" has been heard more than once since then, accompanied by a scowl. We're still waiting to refinance. Good luck, Sam