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If mortgage rates fall, people will refinance or take new loans when they move. If mortgage rates rise, these loans will be held to term and every new property
by sokoloff 4y ago
If mortgage rates fall, people will refinance or take new loans when they move. If mortgage rates rise, these loans will be held to term and every new property that this is moved to, the lender will be originating a mortgage at 3% when the market is at 6%, 9%, or whatever.