Yes, I haven't seen mortgage rate above 7% in last 10 years. I don't think mortgage rate will go up above 8% in next 5~10 years. U.S is in slow mode now. Which means low inflation mode too. Remeber, in 2007, mortgage rate went up 6.5%, house market started to crack. If it is above 8%, house market could crash again. Don't forget, 1% rate difference means a lot to house price.
You can do the 100% HELOC? Which lender?
Yes, I haven't seen mortgage rate above 7% in last 10 years. I don't think mortgage rate will go up above 8% in next 5~10 years. U.S is in slow mode now. Which means low inflation mode too. Remeber, in 2007, mortgage rate went up 6.5%, house market started to crack. If it is above 8%, house market could crash again. Don't forget, 1% rate difference means a lot to house price.
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I mean I will use 100% HELOC to purchase an investiment house.
-古石-
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09/28/2009 postreply
23:17:28
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You can do this for now
-RE8888-
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09/29/2009 postreply
10:37:56