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re: The average 30-year fixed mortgage rate jumps to 7.50%
Posted on 4/16/24 at 2:42 pm to Allister Fiend
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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