They typically had a game plan in mind. A lot of them are still hesitating. Until they really see it starting to move up significantly, it's very difficult for them psychologically to move away from that.
More Quotes from Gary Akright:
For the last couple of months, I've been contacting clients and giving them that opportunity. You're getting much more bang for your buck doing a fixed-rate mortgage than doing an adjustable-rate mortgage.Gary Akright
You need to factor in the (interest-rate) differential, as well as the costs of refinancing.
Gary Akright
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