Quote:
Originally Posted by GordonBlue
I'd like your opinions on a mortgage issue.
I'm locked in for 1 more full year.
Do you guys think it's better to wait the year, and hope for rate decreases, or would it be better to do a "blend and extend" right now in anticipation of a years worth of increases to come.
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I'd wait if it were me. You may end up renewing for another year at that time, but I wouldn't blend and extend. Keep in mind that most blend and extend rates include a penalty built into your new blended rate. So while it's not out of pocket up front, you are paying for it.