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Reply to "Date the Rate People"
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[quote=Anonymous]Back in 2022 when mortgage rates started rising and homes still flying up realtors were pushing “date the rate” Get the 3/1, 5/1, 5/5, 7/1 etc. you save on mortgage payments now and can refinance later when rates fall. However a lot had teaser rates and at each adjustment goes up 2 percent. And that’s every year and in some even every six months. Everything is fine now. But what happens if rates stay high next several years? Now it is starting to look like no rate cut at all in 2025.[/quote]
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