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Reply to "1 year libor rate"
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[quote=Anonymous]If anyone knew they would be rich, but the general consensus is the low rate environment can't last forever. Rates come down slow and go up fast. I would refi into a fixed, but I'm somewhat risk averse. If you have enough income to service the debt at the cap your rate can hit, maybe you want to take the gamble. I also intend to hold my RE long-term.[/quote]
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