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2
Posted on 4/16/24 at 2:06 pm to Allister Fiend
quote:
Word is once rates drop 2% points the market going to go nuts with no supply. Values are expected to soar.
Cool story, needs more dragons.
Rates won't see 5% for another 10 years unless the government wants a hyperinflationary destruction of the dollar and US economy ...
Posted on 4/16/24 at 2:42 pm to Allister Fiend
quote:
Word is once rates drop 2% points the market going to go nuts with no supply. Values are expected to soar.
People will down vote you but you are right. I'd rather buy now at 7.5 and be able to refi then try to buy in a frenzy environment which is what would happen with a significant rate drop. Tons of people sitting on sidelines waiting for any drop. It will be back to paying over asking, waiving inspections, etc.
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