The Market Hick

This Can't Be Helping Real Estate

I just had my 5 /1 arm readjust and I can't believe the deal I got.My rate went from 4.25% to 4.33%.That's a heck of a lot better than most folks I've talked to.My rate is tied to the 1 year T-Bill rate and thanks to the idiots at treasury who don't see the wisdom of borrowing more at 1 year rates, that rate has been artificially low for some time.And to think that Citi wanted me to do a mortgage adjustment to lock in a 25 year rate at 5.65%.