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Why is now a bad time to buy if you can refinance when rates drop later?
Why is now a bad time to buy if you can refinance when rates drop later? I am looking to purchase a home with my wife early next year, and a few people have told me to wait until interest rates drop. I’m wondering why this would make sense? If I can afford the monthly payment, and it looks like rates will only drop, wouldn’t I be able to refinance to a lower rate later on? Not to mention renting would not save me muc...
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