5 ms·
> For example, paying down debt would be a good idea. Opposite from a financial standpoint: if interests rates lower in the future you will be able to refinanc
by conanbatt 8y ago
> For example, paying down debt would be a good idea.
Opposite from a financial standpoint: if interests rates lower in the future you will be able to refinance.
From a job-vulnerability perspective it always lowers your risk though: better not to be very leveraged if your income can fluctuate.
- sf_rob 8y agoYou'll only be able to refinance if a bank is willing. If a recession is the driver of a fed rate reduction, that seems less plausible.