Groovy

What mortgage bubble?

I have been paying an extra $50 a month on my mortgage, which gets applied directly to principal, and I crunched the numbers today, and realized I have decreased the principle by 3k.

I hope the fed drops interest rates again, because my payment would go down again.

Update: Yay! The dropped the prime rate.

Although, I think I would keep paying the same amount so that a larger sum each month knocks the principal down.

I wish I would have bought earlier instead of wasting all that money on rent.

I'm just glad I didn't over purchase like all those people getting screwed by the sub-prime meltdown.