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Mortgage payments and interesting interest changes

December 1st, 2008 at 10:02 pm

The UK mortgage payments hit today:
$166, $36 and $37 went to principal, for a total of $239.

$415 down, $2121 to go in my December goal.

When I went to the UK account online to verify the mortgage payments, there were e-mail notifications about interest rate changes. (NT's rates can change at any time.) I'd actually missed notification from about a month ago saying the rates had gone down to 5.49%. That would have been exciting on its own. These newer notifications let me know that the rates have gone down to 3.99%! That's just amazing; the payments are significantly smaller this month, meaning more money saved for other UK rental expenses. I don't know how long it will last, but even for a little while it's going to be very helpful.

My U.S. mortgage payment has not hit, weirdly enough, but it says it's processing, so I'll check again tomorrow. When I checked my account online, I noticed something truly bizarre. Our interest rate was listed as 5.75%, but I swear it adjusted up to 5.99% from 5.0% in November, and was not going to adjust again until November '09. I didn't see any notices about it either in e-mail or regular mail. I'll have to call them when I get a chance and see what's going on. I hope it's for real!

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