[quote=AN]I don’t understand why you’d say the 20% down did you no good when it come to refi. Assuming you did spend that 20%, if price drop below your original loan, you’d have to bring cash to the table to refi. But with 20% down, you might not need to. The other question is, do you expect rates to go much lower than 4.5%?[/quote]
The prices fell much lower than the 20% I put down when I bought it 2 years earlier. I would’ve needed to come up w/more money if I wanted to take advantage of the lower rates and refinance. Sorry if I was unclear.
Unknown whether the rates will fall lower than 4.5%, but I feel pretty confident prices will fall in my complex much lower.
