S 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?
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?
A andrewbee Dec 9, 2008 #2 Are you talking about using interest rate futures to hedge against raises in a line of credit?
S slapshot Dec 9, 2008 #3 Quote from Sky123987: 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? More... 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.
Quote from Sky123987: 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? More... 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.
