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Old 12-05-2008, 01:29 AM   #3
zippyjuan
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Join Date: Oct 2002
Location: Sunny San Diego
Posts: 8,756
New purchase? Refi? The Fed is rumoured to be favoring a program of guaranteing rates of 4.5% on new loans done through Fanny and Freddy. Not official yet. I would say go with a fixed rate (locks in payments- they can't go up on you in the future) and usually anything below six percent is considered good. I thought I heard they were nearer five right now. Be sure to include property taxes in your budget along with any homeowners fees (if any).
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