Refinancing is DEAD!
The U.S. housing market stares down an even bigger economic shock—mortgage rates jumps to 7.08% and even higher yet to go.
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I still say if you can afford it buy now & then refinance in 5-10 years. Rates can’t stay that high forever
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Still below real inflation and historical interest rates. But cheap money is coming again or every debtor nation is going bust.
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HELOCs and 2nd mortgages about to lock up. Refis will be the only way to access equity soon.
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