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Originally Posted by Deaf Mortgage
Good... that is excellent decision now. Make sure you get 5-10% down payment ready for next house. Just be ready and be solidify your grounds before purchase new home. Take your time and build your foundation in finance and work hard.
Right now interest rates are hovering 5.75% and it showing possible drop. We do not know how market is recovering or declining
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I am still waiting to see the interest rate drop down to 5.00% to refinance on my mortgage, that will be saving 300 dollars a month. Right now, my condo value is not going up. I heard, State of Massachusetts house market will be much improve next year because they establish casinos gambles to help the State taxes stablization. My currently interest rate is 6.65% within 30 years fixed. It is awful struggle for my budget due to condo fee goes up now.