Question: If interest rates decrease from 7% to 5%, a property owner should ____________. Group of answer choices refinance their loan. wait for interest rates to

If interest rates decrease from 7% to 5%, a property owner should ____________.

Group of answer choices

refinance their loan.

wait for interest rates to drop further.

refinance if the expected savings exceed the cost of refinancing.

refinance if they intend to keep the home for more than another year.

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