Question by Mortel_LS: Mortgage refinancing- do it now, or wait? What direction are rates currently projecting on going?
Would it be better to refinance now at about 6.5% fixed for 30 years, or wait a few months? What’s the rate outlook? This is for New York.
Answer by Biggie @ Arbor Mortgage
No one can project the rates very good. If you want to risk losing even more equity in your home for a lower rate, by all means wait. But, if I were you, I would certainly refinance today!
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