I have an adjustable mortage that I want fixed

Discussion in 'Chit Chat' started by Sky123987, Dec 9, 2008.

  1. I have a line of credit from chuck schwab @ prime - 0.51%, which is current @ 3.49%.

    I'm not sure I'd be able to do this, but I want to lock in at this rate, I'd long a futures contract of interest rates, but how do I do that?
  2. Are you talking about using interest rate futures to hedge against raises in a line of credit?
  3. Why don't you call Schwab first and ask if you can pay a small lock fee to lock the rate? Most HELOCS are set up that way.