With rates in the 7% range does it make sense to purchase or refinance?

<p>Yes, rates are in the 7% range, does it make sense to purchase or refinance?<br/>Purchase - are you comfortable with the payment? the probability is that you will be able to refinance down the road<br/>on a Refinance - does it make sense to pay off credit cards, student loans, car and save money?<br/>Does it make sense to get a Hecm to help supplement income yes it does if you are on a fixed budget and we continue to have prices go up. <br/>It is about having a home to live in that is affordable or a refinance to help consolidate debt.<br/>This is just a snapshot in time, and we will have opportunities down the road to refinance again and save lots of money<br/>so the answer is yes on purchasing or refinancing if you are comfortable with the payment for now,<br/>tune in at <a href='https://www.ddamortgage.com/blog'>https://www.ddamortgage.com/blog</a><br/>Didier Malagies nmls#212566<br/>DDA Mortgage nmls#324329</p> <a rel="payment" href="http://www.ddamortgage.com/blog">Support the show</a>