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re: Fannie Mae Downgrades Housing, Origination Forecast

Posted on 6/2/22 at 8:28 am to
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
65974 posts
Posted on 6/2/22 at 8:28 am to

Seems like now is the time for newer home owners who financed an ARM to refi at a lowest rate fixed.
Posted by 3nOut
Central Texas, TX
Member since Jan 2013
29026 posts
Posted on 6/2/22 at 8:39 am to
quote:

Seems like now is the time for newer home owners who financed an ARM to refi at a lowest rate fixed.


I know that ARMs CAN be beneficial. Most people who got ARMs weren’t going to qualify for the better rates that’s have been available the last few years.

My friend is a mortgage broker and he’s very rarely getting under 6% for people right now.
Posted by Big4SALTbro
Member since Jun 2019
14936 posts
Posted on 6/2/22 at 9:42 am to
Yea that is a likely good move.

I’m bouncing around the idea of selling now while value has peaked, house is worth almost double what we paid for it.

I’d sell off the house and consider getting a rv and working remote from anywhere and then once the market has crashed completely returning and buying on the cheap from the crash.
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