Okay, I have a question for you financial guru's... My bf owns a home and has an adjusted rate mortgage loan. He's going to have to refinance in a couple of years so that he's not butt-raped. As of now, he's okay so he's in no hurry. However, a friend of mine says that he should refinance NOW since home-buying is in a slump and hence, people aren't taking out loans to buy a home. My friend believes that my bf will get a better rate on a loan due to supply and demand this way. My bf says that it doesn't matter when he gets the loan because that won't affect it so he's going to go ahead and wait.
Who is right?



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