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Financing Land
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<blockquote data-quote="ETF" data-source="post: 516453" data-attributes="member: 5944"><p>Thanks for all of the input. Obviously Farm Credit here in Florida has some different policies than in other places. Very nice folks, but it's really frustrating to watch 30 year fixed home mortgages drop below 6% while mine remains over 8%. Another source of frustration has been that I can't get a clear answer on what bond funds, indices, etc. they use to calculate the going rate (so I can watch it and calculate the rate myself). For what it's worth, here's the answer from the senior person at the local Farm Credit:</p><p></p><p></p><p></p><p>Sounds like if you are able to refinance lower, or at least lock in a decent rate, you better do it now.</p></blockquote><p></p>
[QUOTE="ETF, post: 516453, member: 5944"] Thanks for all of the input. Obviously Farm Credit here in Florida has some different policies than in other places. Very nice folks, but it's really frustrating to watch 30 year fixed home mortgages drop below 6% while mine remains over 8%. Another source of frustration has been that I can't get a clear answer on what bond funds, indices, etc. they use to calculate the going rate (so I can watch it and calculate the rate myself). For what it's worth, here's the answer from the senior person at the local Farm Credit: Sounds like if you are able to refinance lower, or at least lock in a decent rate, you better do it now. [/QUOTE]
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