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Rhino thinks high rates are good for buyers

Started by hfscomm1
about 16 years ago
Posts: 1590
Member since: Oct 2009
Discussion about
Rhino86 18 minutes ago ignore this person report abuse I really wish that people would stop fucking saying that low rates are good for buyers. http://streeteasy.com/nyc/talk/discussion/17407-has-the-residential-market-bottomed-out
Response by West81st
about 16 years ago
Posts: 5564
Member since: Jan 2008

Low rates are enerally good for:
1) Sellers;
2) Owners with higher-rate mortgages who can qualify for a refi;
3) Certain buyers with strong income and relatively weak cash positions;
4) Mortgage brokers;
5) Real estate agents.

Low rates are generally bad for:
1) Buyers with a lot of cash.

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