Overnight peoples (aka. Who's up?)

[t-homo]

Originally Posted by tommymac

I thought about doing stuff like that. My investments are taking a beating now, bu tthough tabout investing more since I will be buying in at a cheaper price.

Were currently saving for a house and hope to pull the trigger soon, the nice thing is prices are comming down so we should get a better deal, now we just need to lock in a good intrest rate.

Tom

You will probably get a better price for the house itself, but interest rates will be higher as banks will be making sure not to have many defaults. How long are you planning on staying in the same house? If you are planning on being there for a long time, you will probably be better off buying down the interest rate by paying an extra point or point and a half up front, but it depends on your time frame. Stay with a fixed rate mortgage if it will be long term.