Rent or Buy? Mortgage Rates Fall Again to 5.82%

Rent or Buy? Mortgage Rates Fall Again to 5.82%

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Maxwell Ryan
Aug 24, 2004
Buy. Refinance. Buy. With the economy looking better amidst conflicting economic data, rates dropped and the the 30 year rate dropped super low to 5.82%. As Bankrate puts it in "Rates down again, mortgage applications surge", "Long-term mortgage rates were even lower than this for the first three months of this year, so this is 2004's second refinancing opportunity." (via Bankrate) MGR REAL ESTATE LINKS - Weekend open houses that catch our eye (Curbed) - Finding an apartment in which to practice piano (NYPost) - Starbucks comes to Dumbo (Curbed) - Douglas Elliman moves into Brooklyn (RealDeal) - Garment Center, the next Tribeca?? (NYTimes via RealDeal) - Gramercy Park condo sues tenant over running alleged S & M club in apt. (NYPost via RealDeal) - Condo sales set new record in 2nd quarter (RealDeal) - Olsen Twins buy vacation house NOT in Hamptons (NYPost)
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