Quote:
Originally Posted by Mike Oxlong
Which will actually be good for them. Rates are far lower right now and likely still will be in a year than they were in 2006 and 2007.
When they renew chances are they will be renewing into a lower rate than they are in now. Which means their monthly mortgage commitment will be lower than it currently is.
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People don't understand that inflation doesn't really seem to be going up.
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