Hope Combo
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 LONGABERGER 1999 HORIZON OF HOPE BASKET COMBO w Tie On $29.95 Time Remaining: 29d 20h 3m Buy It Now for only: $29.95 |
 2003 Longaberger Horizon of Hope Basket Combo $23.99 Time Remaining: 1h 30m Buy It Now for only: $26.99 |
 LONGABERGER 1998 HORIZON OF HOPE BASKET COMBO $23.99 Time Remaining: 27d 17h 2m Buy It Now for only: $23.99 |
 Longaberger 1998 Hope Basket Combo $50.00 Time Remaining: 1h 38m Buy It Now for only: $65.00 |
 Longaberger 2000 Horizon of Hope Basket Full Combo $34.00 Time Remaining: 9d 18h 26m Buy It Now for only: $34.00 |
 LONGABERGER 1998 HORIZON OF HOPE BASKET COMBO w TIE ON $24.95 Time Remaining: 16d 20h 52m Buy It Now for only: $24.95 |
 Longaberger Horizon of Hope 2000 Basket ComboAmerican Cancer Society $20.00 (1 Bid) Time Remaining: 4h 36m |
 Longaberger 2000 Horizon of Hope Basket Full Combo $34.00 Time Remaining: 25d 1h 25m Buy It Now for only: $34.00 |
 Longaberger 1996 Horizon of Hope Basket Combo $19.95 Time Remaining: 3d 11h 42m Buy It Now for only: $19.95 |
 Longaberger Horizon Of Hope Warm Brown NEW Basket SET $11.40 (17 Bids) Time Remaining: 23h 45m |
 Longaberger 2007 Horizon of Hope Combo WhiteWashed MINT $35.99 Time Remaining: 7d 23h 42m Buy It Now for only: $35.99 |
 Longaberger Horizon of Hope Breast Cancer 200 Basket Set Retired New $42.99 Time Remaining: 18d 15h 13m Buy It Now for only: $42.99 |
 Longaberger TIE ONS ONLY Hanging Seasons Basket HOPE JULY 4th SPRING FLOWERS $14.99 (1 Bid) Time Remaining: 1d 58m |
 Longaberger 2007 Horizon of Hope WB Basket + Protector + Choice of Liner $19.99 Time Remaining: 14h 59m Buy It Now for only: $19.99 |
 1995 Longaberger Horizon of Hope Basket Combo Mint First of its kind $15.50 (8 Bids) Time Remaining: 1d 1h 37m |
 Longaberger Large Gathering Pinkstripe liner Horizon of Hope Mint condition 1998 $124.99 Time Remaining: 21d 18h 26m Buy It Now for only: $124.99 |
 Longaberger 2001 Horizon of Hope Basket Combo Loaded $32.00 Time Remaining: 25d 9h 32m Buy It Now for only: $32.00 |
 Longaberger Horizon of Hope Basket liner protector tie on notes from 2003 $24.99 Time Remaining: 1d 3h 14m Buy It Now for only: $28.99 |
 Longaberger Horizon of Hope Breast Cancer Award Medium Market Basket Very Rare $162.99 Time Remaining: 15d 21h 8m Buy It Now for only: $162.99 |
 Longaberger 2006 Horizon of Hope Basket Combo with Lid and Tie On $49.95 Time Remaining: 3d 11h 42m Buy It Now for only: $49.95 |
 Longaberger Horizon of Hope Oval Potpourri Basket from 2011 $8.99 Time Remaining: 1d 3h 18m Buy It Now for only: $10.00 |
 Longaberger 1998 Horizon of Hope Basket with Liner and Protector $19.36 Time Remaining: 8d 21h 50m Buy It Now for only: $19.36 |
 LONGABERGER AUTHENTIC 2001 HORIZON OF HOPE BASKET COMBO NEW ORIGINAL PACKAGING $32.95 Time Remaining: 20d 20h 6m Buy It Now for only: $32.95 |
 LONGABERGER BASKET HORIZON OF HOPE 2002 W LINER PROTECTOR TIE ON GENTLY USED $12.95 Time Remaining: 1d 16h 6m |
 Longaberger 2002 Horizon of Hope Basket with Small Boyds Mohawk Bear $33.99 Time Remaining: 5d 17h 10m Buy It Now for only: $33.99 |
 Longaberger 2001 Horizon Of Hope Basket Combo with lid $19.99 Time Remaining: 26d 21h 34m Buy It Now for only: $19.99 |
 RETIRED Longaberger 1999 HORIZEN OF HOPE basket COMBO 75 OFF s h on extras $9.99 (1 Bid) Time Remaining: 1d 20h 50m |
 Longaberger 1999 Horizon of Hope Basket Combo $32.95 Time Remaining: 3d 11h 42m Buy It Now for only: $32.95 |
 RETIRED Longaberger 1998 HORIZEN OF HOPE basket COMBO 75 OFF s h on extras $0.99 Time Remaining: 1d 21h 27m |
 2000 Longaberger Century Hope Cancer combo basket + lid + insert + liner signed $59.17 Time Remaining: 28d 6h 26m Buy It Now for only: $59.17 |
 Longaberger Horizons of Hope Combo 2000 NEW $29.99 Time Remaining: 26d 21h 26m Buy It Now for only: $29.99 |
 Longaberger 1999 Horizon of Hope Basket Warm Brown $35.00 Time Remaining: 2d 15m |
 Longaberger 2009 Horizon of Hope Combo w Lid Tie On $75.00 Time Remaining: 22d 4h 12m Buy It Now for only: $75.00 |
 LONGABERGER 2007 HORIZON OF HOPE BASKET PROTECTOR $4.99 Time Remaining: 24d 16h 1m Buy It Now for only: $4.99 |
 Longaberger 1997 Horizon of Hope Basket Warm Brown $38.00 Time Remaining: 2d 20m |
 Longaberger Horizon of Hope Crystal Filled Candle NIB $14.00 Time Remaining: 27d 5h 25m Buy It Now for only: $14.00 |
 Longaberger 2004 Horizon of Hope Basket Combo w Lid $19.99 Time Remaining: 26d 21h 38m Buy It Now for only: $19.99 |
 Longaberger 2006 Horizon of Hope Basket Warm Brown $40.00 Time Remaining: 2d 30m |
 Longaberger 1998 HOH Horizon of Hope Basket Combo $31.99 Time Remaining: 24d 18h 13m Buy It Now for only: $31.99 |
 Longaberger 1995 Horizon of Hope Basket Warm Brown $40.00 Time Remaining: 2d 47m |
 Longaberger HORIZON OF HOPE Basket Full Combo Set 1999 Lid Liner Protector Tie $29.99 Time Remaining: 20d 3h 53m Buy It Now for only: $29.99 |
 Longaberger Horizon of Hope Boyds Bear Bearywell $14.00 Time Remaining: 13d 3h 8m Buy It Now for only: $14.00 |
 Longaberger 2007 Horizon of Hope Basket Warm Brown $30.00 Time Remaining: 2d 52m |
 Longaberger 2002 Horizon of Hope Basket Combo with Lid $52.95 Time Remaining: 3d 11h 42m Buy It Now for only: $52.95 |
 Longaberger 2000 Horizon of Hope Basket Combo with Lid $49.95 Time Remaining: 3d 11h 42m Buy It Now for only: $49.95 |
 Longaberger 2000 Horizon of Hope Basket Warm Brown $30.00 Time Remaining: 2d 1h 5m |
 Longaberger 2011 Horizon of Hope Dark Pink Prototype Full Combo Super Rare $145.00 Time Remaining: 1h 14m Buy It Now for only: $145.00 |
 Longaberger 1997 Horizon of Hope Basket Combo $26.00 Time Remaining: 6d 12h 50m Buy It Now for only: $26.00 |
 LONGABERger HORIZON OF HOPE 2004 BASKET WOOD LID TIE ON PROTECTOR AND LINER $32.00 Time Remaining: 2d 21h 25m Buy It Now for only: $36.00 |
 Longaberger 2008 Horizon of Hope Basket Combo with Lid and Tie On $39.95 Time Remaining: 3d 11h 42m Buy It Now for only: $39.95 |
 Longaberger 2007 Warm Horizon of Hope Combo w lid MINT never used $39.99 Time Remaining: 15d 23h 2m Buy It Now for only: $39.99 |
 1997 Longaberger Horizon of Hope Basket Combo $7.99 Time Remaining: 3d 23h 15m |
 Longaberger 2007 Horizon of Hope Basket Combo with Lid $49.95 Time Remaining: 3d 11h 42m Buy It Now for only: $49.95 |
 7 Longaberger Baskets Combo Horizon of Hope Signed Whole Names x5 $125.00 Time Remaining: 3d 23h 56m |
 LONGABERGER 1998 Horizon of Hope basket combo tie on American Cancer Society $54.99 Time Remaining: 14d 23h 54m Buy It Now for only: $54.99 |
 NEW Longaberger 2012 Mothers Day Floral Tray Basket + Protector COMBO Set Hope $89.95 Time Remaining: 2d 21h 59m Buy It Now for only: $89.95 |
 Longaberger 1996 Horizon of Hope Basket Combo American Cancer Society $10.49 (2 Bids) Time Remaining: 4d 11h 47m |
 Longaberger 2001 Horizon of Hope Basket Combo with Lid $49.95 Time Remaining: 3d 11h 42m Buy It Now for only: $49.95 |
 Longaberger 1996 Horizon of Hope Basket Combo $24.00 Time Remaining: 11d 1h 58m Buy It Now for only: $24.00 |
 Longaberger 2000 Horizon of Hope Basket Set $5.50 (2 Bids) Time Remaining: 4d 15h 47m |
 Longaberger 1995 Horizon of Hope Basket Combo +++ $59.99 Time Remaining: 21d 1h 44m Buy It Now for only: $59.99 |
 Longaberger HORIZON HOPE Basket Combo w Lid Boyd Bear $59.99 Time Remaining: 17d 21h 34m Buy It Now for only: $59.99 |
 LONGABERGER 2003 HORIZON OF HOPE BASKET WITH LINER PROT POST IT NOTEPAD LID $34.99 Time Remaining: 5d 1h 37m |
 Longaberger 1999 Horizon of Hope Basket w Protector Special Weave $23.00 Time Remaining: 14d 3h 6m Buy It Now for only: $23.00 |
 Longaberger 1997 Horizon of Hope Basket $16.00 Time Remaining: 5d 15h 12m Buy It Now for only: $24.00 |
 LONGABERGER 2004 HORIZON OF HOPE BASKET COMBO WM BROWN $39.99 Time Remaining: 1d 13h 27m Buy It Now for only: $39.99 |
 Longaberger 1995 Horizon of Hope Basket Combo $27.00 Time Remaining: 4d 4h 37m Buy It Now for only: $27.00 |
 Longaberger 1997 Horizon of Hope Basket Boyds American Cancer Society Bear $19.95 Time Remaining: 6d 1h 16m |
 LONGABERGER 1998 HORIZON HOPE BASKET COMBO $19.50 Time Remaining: 22d 18h 12m Buy It Now for only: $19.50 |
 LONGABERGER AUTHENTIC PINK 2003 HORIZON OF HOPE FABRIC BASKET COMBO NEW $29.95 Time Remaining: 17d 12h 32m Buy It Now for only: $29.95 |
 Longaberger 2001 Horizon of Hope Basket Combo $14.99 Time Remaining: 6d 2h 44m |
 LONGABERGER 2007 HORIZON OF HOPE BASKET COMBO NEW $39.99 Time Remaining: 24d 15h 54m Buy It Now for only: $39.99 |
 Longaberger Horizon of Hope Basket 2004 $50.00 Time Remaining: 23d 57m Buy It Now for only: $50.00 |
 Rare Pink Leather Horizon Of Hope Basket And Lid $0.99 Time Remaining: 6d 22h |
 Longaberger Horizon of Hope Basket 2006 $50.00 Time Remaining: 23d 1h 7m Buy It Now for only: $50.00 |
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When interest rates are falling the case for refinancing is clear and obvious. If you can save money each month without big cash costs to refinance then getting new a mortgage is a winner.
But what about when rates are rising? In this situation there may not be any monthly savings. In fact, in some cases monthly costs may actually increase. Does refinancing in such a rate environment -- the rate environment we're seeing now -- ever make sense?
Oddly enough, many borrowers -- especially those with "nontraditional" loans issued during the past few years -- would be smart to refinance, even in a period of rising rates.
While it may be true that interest levels are not as attractive as they were when historic lows were reached in 2003, it's equally true that refinancing now may be a far better choice than waiting and perhaps facing even-higher rates in the future.
What circumstances am I talking about?
Let's look at a borrower who knows with absolute certainty that future costs are going to rise -- and rise steeply.
Example: You have a 30-year mortgage. Payments during the first five years are interest-only and fixed at 5.5 percent. The loan balance is $300,000 and the initial monthly payment for principal and interest is $1,703.37.
In year six, the loan becomes a 1-year ARM, there is still $300,000 left to repay but now only 25 years remain for the loan term. Also in year six interest rates are higher -- let's say the new rate is 6.5 percent. The new monthly payment for principal and interest in year six: $2,025.62.
Why did the monthly cost increase so much?
First, the original loan balance was not paid down during the first five years of the loan term. The result is that the original loan amount must now be repaid in 25 years rather than 30 years. Even if rates stayed the same, a shorter repayment period guarantees higher monthly costs.
Second, interest rates rose. In our example rates went from 5.5 to 6.5 percent, but they could rise more. For instance, if rates reached 8 percent in year six -- a rate that has hardly been uncommon in the past 20 years -- the monthly cost for principal and interest would be $2,315.45. At 9 percent the monthly cost would reach $2,517.59.
Given the potential for vastly-higher payments -- and given the potential for increases in other costs such as utilities and property taxes -- it can make great sense for borrowers with interest-only loans, "option" ARMs, and ARMs generally to convert to fixed-rate financing in the face of rising rates.
For instance: Imagine that rates are now 6.5 percent. Our borrower with the $300,000 loan balance gets a fixed-rate, 6.5 percent mortgage. He pays $1,896.20 per month for principal and interest over 30 years. Yes, that's more than the current monthly payment of $1,703.37 -- but more importantly the new monthly payment will not increase, a considerable benefit given the possibility of bankrupting future costs.
One ARM for Another?
The examples above argue that it makes sense to replace ARMs and non-traditional loans with fixed-rate financing when rates are expected to rise in the long-term. But does it ever make sense to replace one ARM with another?
Actually, within limited standards, it does.
ARMs are attractive for two reasons: ARM start rates are routinely below fixed-rate interest levels and ARM qualification standards tend to be more liberal, which means borrowers can get bigger loans with ARMs than with fixed-rate financing.
In terms of refinancing in a rising-rate environment, there's one reason to consider replacing one ARM with another: Many combo-ARMs and interest-only loans have start periods where rates and payments are locked in for the first three, five, or seven years. The savings may not be significant relative to a fixed-rate loan, but the qualification requirements are likely to be more generous. This means that borrowers who are unable to qualify for fixed-rate loans and will soon face substantially-higher monthly costs may find financial shelter with another ARM or interest-only loan.
In effect, a substitute combo-ARM or interest-only loan can give you a few years of rate and payment stability -- hopefully a period of time in which it will be possible to refinance to a lower-cost fixed-rate product or to sell the property on an attractive basis.
Peter G. Miller is a syndicated real estate and personal finance columnist who appears 80 newspapers.
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