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Real Estate
Reply to "Mortgage rates are set to stay elevated"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If an agent tells you to "date the rate," you should immediately fire them. You're marrying your rate and should be prepared to never be able to refinance.[/quote] Why? Why would you never refinance? [/quote] Because rates would stay the same or go up! You only refi if rates go down far enough to be cheaper (including closing fees). “Date the rate” assumes rates will go down, which is borderline deceptive. [/quote]
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