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In response to
"I assume that anyone doing this is betting that interest rates will come down enough in the next couple of years to refinance"
by
Fuzzy
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Yeah, it's basically a year of the interest difference*
Posted by
Roger More (aka RogerMore)
Mar 21 '24, 16:01
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Depending on where you are and how big your upgrade is.
I expect it would move the needle less in places like CA, MA that have high housing costs. It would mean more in IL, LA, etc
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