Exactly what are experts saying regarding interest rate trends? Without a doubt, now seems to be the perfect time to pursue a low mortgage rate refinance. Waiting for interest rates to fall on a refinance has worked over the last few years — but what about when housing starts pick up? Of course — sometimes waiting benefits. We are currently enjoying some historically low interest rates, but banks are also very concerned about lending as well due to the record number of defaults. The bottom line remains, however, that, banks are in business to make money. Lending is a huge revenue generator.

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