Waiting for rates to drop before refinancing could waste years. You can't control the Fed or Treasury yields, but you can control your property's net operating income, which matters more for refinancing than the rate itself.
Here's the honest takeaway. If your plan has been to sit and wait for rates to fall before you refinance, this week is a signal that the wait could be longer and more uncertain than you'd hoped. You can't control the 10-year Treasury. You can't control the Fed. But there is one lever that's entirely in your hands, and it matters more than the rate: your net operating income, your NOI.
