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Financing in Armonk : Real Estate Advice

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Fri Jul 6, 2012
Dubbs answered:
Holding out for lower rates now is like holding out for a higher selling price in summer 2006 (or 2005 since you dont know the timing)... you might do a little better... but you could do a LOT worse. If you have major debt (like a mortgage) and are able to refinance to significantly improve your rate (without too large of offsetting closing costs), you should do so now.

Interest rates are being artificially suppressed by Western central banks right now and, like anything artificially suppressed (or inflated), it will revert to the mean. Unless you think you can call the timing of the reversion, advise your properly positioned clients to take advantage of these suppressed rates (if they havent already).
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