Skip to main content
No. of Recommendations: 3
Please! Your rate is probably either 5.99% or 6.79%. It was set based on an auction of 3-month T-bills on May 29, 2001. The auction came in with a rate of 3.69%, and so you add either 2.3% or 3.1%.

The current T-bill auctions are running around 1.85%. If that rate held (and it won't) until next May, your interest starting July 1 would be 4.15% or 4.95%. Even if the T-bill doesn't stay this low (and the reason is the recession and terrorist-driven "flight to quality"), chances are that the T-bill rate will be lower than 3.69% next May.

Go look at post #325, (I think.)

Don't touch your variable rate loans until next year--June or July, depending. Take up a hobby and don't think about consolidations.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.