Mortgage Rates

Posted on 12/05/2008 at 4:57 pm by Bob Cesca

On a personal level, I’m not opposed to dropping the home mortgage interest rate to 4.5 percent. I currently have a sweet 5.25 percent 30 year fixed rate on my house (from August 2003) along with a 6.9 percent fixed home equity loan. If I’m able to consolidate both by refinancing at 4.5, I’m absolutely going to do it. I imagine many others will as well.

The only problem is, you know, the colon X-rays they’ll demand. Getting a mortgage, even during the bubble, was a serious pain in the ass. I can only imagine what the banks will require now.

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  • Nanotyrnns

    Colon x-wrays?!?! Dude, they’re going to send a team of Loan Officer midgets spelunking in there. Even then, they’ll return from the adventure and turn you down because you might, you know, die in the next 100 years or so. Probably from the spelunking.

  • LameDuckHunting

    Actually, I was thinking they would require an autopsy.

  • JackDanieL

    Just left the mortgage business after 5 yearsOpening a nightclub, so all my old colleagues will have somewhere to go after work…Anyone passing through Southern Utah on the I15, come check out Toadz! We open in less than 2 weeks.

  • JackDanieL

    ( /shameless self promotion )

  • jane

    Nano lost a couple vowels in the financial crisis. (Can we hold a fundraiser with a spurty thing to get him/her back the “a” and the “u”?)

  • jane

    And Jack…if I ever find myself in Utah again (after a family cross-country trip at age 10) you can rest assured I’ll be looking for a bar…but I won’t care which one.

  • JackDanieL

    Well I’m sure you’ll find us then, not much competition in the sin biz in Utah! hahah Well not honest in your face sin anyway, here they like to try to hide it under the robes of the latter day saints

  • cynicalgirl

    It doesn’t apply to you. That program only applies to people buying homes, not refinancing. And it won’t work, either.

  • http://misterfurious.blogspot.com/ Mr Furious

    I heard that on the radio yesterday, and I wondered aloud, “Is that for new mortgages only?”I’d rather see them install a rate ceiling on mortgages, and have it effect existing mortgages.WTF is up with the $20K tax credit (see Atrios’ link) that Toll wants? That’s bullshit.

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