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Throughout last year, most commentators were confident that the next direction for interest rates was going to be up. But with concerns building about the strength of the economy, speculation now is centered on the likelihood of a rate cut – perhaps by as early as April.
With this possibility in mind, borrowers who were proceeding to take out a fixed rate loan to lock in the current low rates may now be having second thoughts. Instead, they are wondering if they should wait to see if rates are going to drop further.
Fixed loans provide surety around ...
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