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Posted on 4/2/14 at 6:23 pm to iknowmorethanyou
Often, yes. Sigh.
As I noted earlier, I got 3.25% for 30 years. After the tax break that's about 2.5%. With a rate like that I wish it had been an interest-only loan, I'd make the absolute minimum payment until I die.
There's actually a real precedent for this - the Bank of England is currently paying a 2.5% perpetual bond series that they issued back before the First World War. Obviously there is no urgency to pay it off.
As I noted earlier, I got 3.25% for 30 years. After the tax break that's about 2.5%. With a rate like that I wish it had been an interest-only loan, I'd make the absolute minimum payment until I die.
There's actually a real precedent for this - the Bank of England is currently paying a 2.5% perpetual bond series that they issued back before the First World War. Obviously there is no urgency to pay it off.
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