re: Home Mortgage Rate Change

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I would wait. The experts are predicting at least 2 more rate cuts.

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I can't just wait at this point. We are under contract and want the home. And it would not make sense financially to refinance short term even if the rates dropped a little.

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You’re not going to stay in the house for 30 years. Or even 15 likely. Most average 7. Now, if this is your “forever home” which maybe means 12 years, it might be worth it. Still, I would just refinance later. You close in 3 days. If I was the seller I’d tell you to take a hike. That’s your risk. And, depending on your market right now, it’s a real one.

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I understand that. We could not have handpicked a better neighborhood and the house meets all of our current and future needs so I don't see us ever moving at least within the next 15 years.