Don't wait for interest rates to drop before refinancing a loan maturing in 18 months. Your bargaining power weakens every month closer to the deadline, and no one can predict where rates will go anyway.
And subscribe if this is useful. Here we go. Here is the trap. An owner has a loan maturing in 18 months. Rates feel high. So the plan becomes, wait and hope they come down before I have to move. 2 things go wrong with that. First, nobody knows where rates go. Not me, not your lender, not the economists. Second, and this is the one that actually hurts, while you wait, your deadline gets closer. And your negotiating position gets weaker every month.
