Question: If interest rates decrease from 8 % to 6 % , a property owner should _ _ _ _ _ _ _ _ _ _

If interest rates decrease from 8% to 6%, 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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