Does it make sense to refinance or purchase with these higher rates
Whether it makes sense to refinance or purchase with higher interest rates depends on several factors, including your individual financial situation and the specific terms of the loan or mortgage you're considering. Here are some factors to consider:
Current Interest Rates: If the interest rates are significantly higher than what is currently available in the market, it might not be the best time to refinance or make a purchase. However, if rates are only slightly higher, other factors might outweigh the impact of the interest rate.
Loan Term: Consider the length of the loan. If you're…
The skinny
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