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Homeowner mulls switch from fixed-rate loan

 
By Dave Ramsey    Comment on this article Leave a comment
Published: October 16, 2008

DEAR DAVE: I bought my home about a year ago with a 6.5 percent fixed-rate loan. But I’ve been noticing that adjustable-rate mortgage loans are cheaper now and could cap at 10 percent. Do you think I should switch?

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Related Topics: Business, Personal Finance, Home Financing, Consumer Credit and Debt, Mortgage Rates



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