It will cost you some money in fees. But in 2007, when the market is at its worst and your mortgage is resetting and you're looking for a lender to refinance you out, you just may not find one.
More Quotes from Mark Zandi:
Fundamentally, though, it stems from the fact that China will post a 250 billion surplus on its trade with the United States this year and there's simply no sign of that easing any time soon.Mark Zandi
If my decision were based solely on economic considerations, I would tighten again. I think the economy won't be derailed by this. I think the economy is firm and they (Fed governors) can send a signal that things are as they were.
Mark Zandi
The job losses over the past three years have been across a wide range of industries and from coast to coast. And if you've lost your job, in all likelihood you will remain unemployed for longer than in any period since the Great Depression.
Mark Zandi
You have to go back 25 years to find a decline that is as significant on a percentage basis.
Mark Zandi
They don't have Greenspan's practical edge to them, but they all have academic and government policy experience. I hesitate to say they won't live up to Greenspan, but that would be hoping for an awful lot.
Mark Zandi
The data is going to look ugly in the next couple of months.
Mark Zandi
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Based on Topics: Money & Wealth QuotesBased on Keywords: refinance, resetting
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