Thread: Kindle Myths and Partial Truths
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Old 02-23-2009, 11:38 AM   #231
pshrynk
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Quote:
Originally Posted by HarryT View Post
Sorry, are you saying that US banks are not lowering mortgage rates in line with interest rate cuts? My own monthly mortgate payment has fallen by over $500 a month in the last year due to the dramatic lowering of interest rates; that's what I meant when I said that IF you are in work, and you have a mortgage, then falling interest rates should mean that you're much better off than you were.

Sorry - I know that this is way off-topic, but I'd be interested to know the reason why the same thing isn't happening to people in the US!
Somebody's gotta pay for those bonuses! Actually, the yearly adjustment for interest rate will not be coming up for some time for lots of folks with ARM's.
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