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A comment on U.S. mortgage interest rates jump to 6.52%, highest since mid-2008. Parent comment

Re:U.S. mortgage interest rates jump to 6.52%, highest since... by ljhsiung on Wednesday September 28, 2022 @12:36PM (#33009983)
In California property tax is also fixed based off purchase price (thanks Prop 13, love it or hate it) so one could pay ~1% on 1M at 7% vs 1.5M at 3% and then simply refinance the 7% later.

This assumes you'd anticipate rate cuts in the near-ish future. This property tax arbitration could easily go wrong.

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